Canfor (TSE:CFP) Price Target Raised to C$45.00 at Scotiabank

Canfor (TSE:CFP) had its price target upped by Scotiabank from C$40.00 to C$45.00 in a research note published on Wednesday, BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. TD Securities boosted their target price on shares of Canfor from C$38.00 to C$41.00 in a research report on Wednesday, January 5th. CIBC boosted their target price on shares of Canfor from C$36.00 to C$44.00 in a research report on Monday, January 10th. Finally, Raymond James upped their price target on shares of Canfor from C$53.00 to C$55.00 and gave the company a strong-buy rating in a report on Sunday, December 19th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Canfor currently has an average rating of Buy and a consensus price target of C$44.33.

CFP opened at C$32.77 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.63 and a debt-to-equity ratio of 8.43. Canfor has a 52-week low of C$21.92 and a 52-week high of C$35.53. The company has a 50 day moving average of C$29.47 and a two-hundred day moving average of C$27.61. The company has a market cap of C$4.08 billion and a P/E ratio of 2.41.

Canfor (TSE:CFP) last posted its earnings results on Tuesday, October 26th. The company reported C$1.69 EPS for the quarter, topping analysts’ consensus estimates of C$1.54 by C$0.15. The firm had revenue of C$1.68 billion for the quarter. Research analysts anticipate that Canfor will post 5.2099997 earnings per share for the current year.

About Canfor

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells finger-jointed lumber, higher-grade MSR lumber, premium one-inch boards, engineered wood products, wood chips, wood pellets, logs, strength-rated trusses, beams, and tongue-and-groove timber, as well as generates green energy.

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Analyst Recommendations for Canfor (TSE:CFP)

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