Canfor Co. (TSE:CFP) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Canfor Co. (TSE:CFP - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$20.00.

A number of research firms recently commented on CFP. Royal Bank of Canada dropped their price target on shares of Canfor from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Raymond James dropped their target price on Canfor from C$28.00 to C$24.00 in a research report on Thursday, January 30th. Scotiabank downgraded Canfor from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd. TD Securities dropped their price objective on Canfor from C$20.00 to C$19.00 and set a "buy" rating for the company in a report on Monday. Finally, BMO Capital Markets lowered Canfor from an "outperform" rating to a "market perform" rating in a research note on Friday, December 6th.

Canfor Trading Down 1.1 %

TSE:CFP traded down C$0.17 during midday trading on Friday, hitting C$14.80. 188,846 shares of the company traded hands, compared to its average volume of 180,343. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -2.46 and a beta of 2.08. The firm's fifty day moving average is C$15.11 and its 200-day moving average is C$15.86. Canfor has a 12-month low of C$13.53 and a 12-month high of C$18.38. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

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About Canfor

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.