Canfor Co. (CFP) PT Raised to C$21.25 at Scotiabank
CFP has been the topic of several other research reports. Raymond James Financial, Inc. increased their price objective on Canfor from C$24.00 to C$25.00 and gave the stock a strong-buy rating in a research note on Thursday. CIBC cut Canfor from a sector outperform rating to a neutral rating in a research note on Monday, April 24th. TD Securities increased their price objective on Canfor from C$22.00 to C$24.00 and gave the stock a buy rating in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada cut Canfor from a sector perform rating to an underperform rating and set a C$17.00 price objective on the stock. in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Canfor has an average rating of Buy and a consensus target price of C$21.45.
Shares of Canfor (TSE CFP) opened at 20.71 on Thursday. The company has a market capitalization of $2.75 billion and a price-to-earnings ratio of 11.64. The company’s 50 day moving average price is $19.67 and its 200 day moving average price is $18.18. Canfor has a 52-week low of $13.35 and a 52-week high of $20.92.
Canfor (TSE:CFP) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.26. Canfor had a return on equity of 17.37% and a net margin of 6.88%. The company had revenue of $1.19 billion for the quarter. On average, analysts predict that Canfor will post $1.70 EPS for the current year.
Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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