Shares of Canfor Co. (TSE:CFP - Get Free Report) have been assigned a consensus rating of "Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$21.33.
Several brokerages have recently issued reports on CFP. Scotiabank dropped their target price on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 30th. CIBC lifted their price objective on Canfor from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Raymond James raised Canfor from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. Finally, TD Securities dropped their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th.
Read Our Latest Stock Analysis on CFP
Canfor Price Performance
Shares of Canfor stock traded down C$0.12 on Wednesday, reaching C$17.93. The company's stock had a trading volume of 62,767 shares, compared to its average volume of 199,018. Canfor has a 52-week low of C$13.53 and a 52-week high of C$19.30. The company has a market capitalization of C$2.12 billion, a P/E ratio of -5.36 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The stock has a 50-day moving average price of C$16.95 and a 200-day moving average price of C$15.54.
Canfor Company Profile
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Get Free ReportCanfor 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.
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