Canfor (TSE:CFP) Sets New 52-Week Low – Here’s What Happened

Shares of Canfor Co. (TSE:CFP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.45 and last traded at C$11.45, with a volume of 11742 shares trading hands. The stock had previously closed at C$11.68.

Analyst Ratings Changes

CFP has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. TD Securities cut their target price on shares of Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Finally, Raymond James Financial decreased their target price on Canfor from C$19.00 to C$17.00 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$16.50.

Canfor Price Performance

The stock’s 50-day moving average is C$12.54 and its 200 day moving average is C$13.29. The stock has a market capitalization of C$1.34 billion, a PE ratio of -2.89 and a beta of 2.05. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last released its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The company had revenue of C$1.26 billion during the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. As a group, equities analysts predict that Canfor Co. will post 0.4005401 earnings per share for the current year.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.