Raymond James Financial, Inc. Increases Canfor Co. (TSE:CFP) Price Target to C$25.00
Canfor Co. (TSE:CFP) had its price objective boosted by Raymond James Financial, Inc. from C$24.00 to C$25.00 in a report released on Thursday morning. The brokerage currently has a strong-buy rating on the stock.
Several other research analysts have also weighed in on the stock. TD Securities raised their price objective on shares of Canfor from C$22.00 to C$24.00 and gave the stock a buy rating in a report on Thursday, April 27th. Royal Bank Of Canada lowered shares of Canfor from a sector perform rating to an underperform rating and set a C$17.00 price target for the company. in a report on Wednesday, April 19th. Scotiabank lifted their price target on shares of Canfor from C$19.00 to C$22.00 and gave the company an outperform rating in a report on Wednesday, April 26th. Finally, CIBC lowered shares of Canfor from a sector outperform rating to a neutral rating in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Canfor presently has an average rating of Buy and a consensus price target of C$21.45.
Shares of Canfor (CFP) opened at 20.71 on Thursday. Canfor has a 52-week low of $13.35 and a 52-week high of $20.92. The stock has a market cap of $2.75 billion and a price-to-earnings ratio of 11.64. The stock’s 50 day moving average price is $19.67 and its 200-day moving average price is $18.18.
Canfor (TSE:CFP) last issued its earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.26. Canfor had a net margin of 6.88% and a return on equity of 17.37%. The business had revenue of $1.19 billion for the quarter. On average, analysts predict that Canfor will post $1.70 earnings per share for the current fiscal year.
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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.
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