Canfor (TSE:CFP - Free Report) had its target price trimmed by Raymond James from C$28.00 to C$24.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.
Several other research firms have also commented on CFP. CIBC dropped their price objective on shares of Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. Royal Bank of Canada reduced their price target on Canfor from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. BMO Capital Markets downgraded Canfor from an "outperform" rating to a "market perform" rating in a research report on Friday, December 6th. Finally, TD Securities lowered their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canfor currently has a consensus rating of "Moderate Buy" and an average price target of C$20.33.
View Our Latest Stock Analysis on CFP
Canfor Trading Down 2.7 %
TSE CFP traded down C$0.40 during trading hours on Thursday, hitting C$14.69. 381,104 shares of the company were exchanged, compared to its average volume of 155,777. The stock has a market cap of C$1.74 billion, a PE ratio of -4.36 and a beta of 2.08. Canfor has a 52 week low of C$13.53 and a 52 week high of C$18.38. The stock has a 50-day moving average price of C$15.81 and a 200 day moving average price of C$15.85. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97.
Canfor Company Profile
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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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