Canfor (TSE:CFP – Get Free Report) had its target price dropped by stock analysts at CIBC from C$23.00 to C$22.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 40.75% from the company’s current price.
Several other research firms have also weighed in on CFP. TD Securities lowered their price objective on Canfor from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Raymond James lowered 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 research note on Tuesday, February 6th. Finally, Scotiabank set a C$22.00 price objective on Canfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.20.
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Canfor Stock Performance
Canfor (TSE:CFP – Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The business had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. As a group, analysts predict that Canfor will post 0.4005401 earnings per share for the current fiscal 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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