Canfor Co. (TSE:CFP) had its price target hoisted by TD Securities from C$24.00 to C$25.00 in a report published on Friday morning. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on CFP. Royal Bank Of Canada lowered shares of Canfor from a sector perform rating to an underperform rating and set a C$17.00 price objective for the company. in a research note on Wednesday, April 19th. Raymond James Financial, Inc. upgraded shares of Canfor from an outperform rating to a strong-buy rating and set a C$24.00 price objective for the company in a research note on Tuesday, April 25th. Scotiabank lifted their price objective on shares of Canfor from C$20.50 to C$21.25 and gave the company an outperform rating in a research note on Thursday, July 27th. Finally, CIBC lowered shares of Canfor from a sector outperform rating to a neutral rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$21.45.

Canfor (TSE CFP) opened at 20.92 on Friday. Canfor has a 12-month low of $13.35 and a 12-month high of $21.18. The stock has a 50 day moving average of $19.73 and a 200 day moving average of $18.27. The firm has a market cap of $2.78 billion and a PE ratio of 11.76.

Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.26. The company had revenue of $1.19 billion during the quarter. Canfor had a net margin of 6.88% and a return on equity of 17.37%. On average, equities research analysts anticipate that Canfor will post $1.70 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/canfor-co-tsecfp-price-target-raised-to-c25-00/1464996.html.

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.

Analyst Recommendations for Canfor (TSE:CFP)

Receive News & Ratings for Canfor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.