Scotiabank Has Bullish Outlook for Canfor FY2026 Earnings

Canfor Co. (TSE:CFP) – Equities research analysts at Scotiabank upped their FY2026 EPS estimates for Canfor in a research note issued on Monday, March 9th. Scotiabank analyst B. Isaacson now anticipates that the company will earn ($0.79) per share for the year, up from their prior forecast of ($0.90). Scotiabank has a “Hold” rating and a $16.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Raymond James Financial raised shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the company from C$15.00 to C$17.00 in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$16.20.

Canfor Stock Performance

Shares of CFP opened at C$13.71 on Thursday. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -3.44 and a beta of 1.54. Canfor has a 52-week low of C$10.86 and a 52-week high of C$16.22. The company has a quick ratio of 2.14, a current ratio of 1.45 and a debt-to-equity ratio of 37.16. The stock has a 50 day moving average price of C$14.00 and a 200 day moving average price of C$12.87.

Canfor (TSE:CFP) last announced its quarterly earnings results on Thursday, March 5th. The company reported C($3.33) earnings per share for the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%. The company had revenue of C$1.28 billion for the quarter.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.