Canfor (TSE:CFP – Get Free Report) had its price target cut by research analysts at CIBC from C$22.00 to C$21.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 39.72% from the stock’s previous close.
Other analysts have also issued research reports about the stock. TD Securities reduced their price target on shares of Canfor from C$22.00 to C$20.00 in a research report on Thursday. BMO Capital Markets reduced their target price on Canfor from C$24.00 to C$22.00 in a research report on Wednesday, April 17th. Royal Bank of Canada lowered their price target on Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, Raymond James downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Canfor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.17.
Get Our Latest Stock Analysis on CFP
Canfor Trading Down 0.6 %
Canfor (TSE:CFP – Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The firm had revenue of C$1.28 billion for the quarter. Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. As a group, equities research analysts expect that Canfor will post 0.4005401 EPS for the current year.
Canfor Company Profile
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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