Canfor (TSE:CFP – Get Free Report) had its price objective decreased by research analysts at BMO Capital Markets from C$24.00 to C$22.00 in a note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 51.41% from the stock’s current price.
CFP has been the subject of a number of other research reports. CIBC decreased their target price on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. Scotiabank set a C$22.00 price target on Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. TD Securities decreased their price target on Canfor from C$25.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Raymond James downgraded Canfor from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$25.00 to C$23.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.00.
Get Our Latest Stock Analysis on Canfor
Canfor Stock Performance
Canfor (TSE:CFP – Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The firm had revenue of C$1.28 billion for the quarter. Analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal year.
About Canfor
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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