Canfor Co. (TSE:CFP - Free Report) - Analysts at Raymond James increased their FY2024 earnings estimates for shares of Canfor in a note issued to investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($3.57) per share for the year, up from their previous forecast of ($3.64). Raymond James has a "Strong-Buy" rating and a $28.00 price target on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share. Raymond James also issued estimates for Canfor's FY2025 earnings at ($0.59) EPS.
Canfor (TSE:CFP - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported C($1.42) EPS for the quarter, missing the consensus estimate of C($0.17) by C($1.25). The business had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%.
Other analysts have also recently issued research reports about the stock. CIBC upped their target price on shares of Canfor from C$17.00 to C$19.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on shares of Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Scotiabank dropped their target price on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 30th. TD Securities lowered their price objective on shares of Canfor from C$20.00 to C$19.00 in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets lowered their price objective on shares of Canfor from C$22.00 to C$20.00 and set a "strong-buy" rating for the company in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$20.67.
Check Out Our Latest Report on Canfor
Canfor Trading Up 3.3 %
Shares of Canfor stock traded up C$0.54 on Thursday, hitting C$17.14. 381,600 shares of the company's stock traded hands, compared to its average volume of 198,604. The firm's 50-day moving average price is C$15.76 and its two-hundred day moving average price is C$15.18. The stock has a market capitalization of C$2.03 billion, a PE ratio of -5.07 and a beta of 2.08. Canfor has a one year low of C$13.53 and a one year high of C$19.30. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14.
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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