Canfor (TSE:CFP - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research note issued to investors on Friday,BayStreet.CA reports.
A number of other research analysts have also recently commented on CFP. TD Securities dropped their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. CIBC upped their price objective on shares of Canfor from C$20.00 to C$21.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Finally, Raymond James upgraded shares of Canfor from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$21.33.
Get Our Latest Analysis on Canfor
Canfor Stock Performance
Shares of TSE:CFP traded down C$0.77 during mid-day trading on Friday, reaching C$16.83. The company had a trading volume of 391,600 shares, compared to its average volume of 198,958. Canfor has a one year low of C$13.53 and a one year high of C$19.30. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. The company's 50-day moving average price is C$17.14 and its 200-day moving average price is C$15.67. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of -4.99 and a beta of 2.08.
About Canfor
(
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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.
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