Research Analysts Set Expectations for Canfor Q4 Earnings

Canfor Co. (TSE:CFP - Free Report) - Scotiabank issued their Q4 2024 earnings per share estimates for shares of Canfor in a research report issued to clients and investors on Tuesday, October 29th. Scotiabank analyst B. Isaacson forecasts that the company will post earnings of ($0.44) per share for the quarter. Scotiabank currently has a "Sector Perform" rating and a $19.00 target price on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share.

Several other brokerages have also recently issued reports on CFP. Royal Bank of Canada lifted their price objective on shares of Canfor from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. BMO Capital Markets dropped their price target on Canfor from C$22.00 to C$20.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 23rd. TD Securities reduced their price objective on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Tuesday. Raymond James raised Canfor from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Finally, CIBC increased their price target on Canfor from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$21.33.

Canfor Price Performance

Canfor stock traded up C$0.13 during midday trading on Wednesday, hitting C$16.74. The company's stock had a trading volume of 251,974 shares, compared to its average volume of 200,562. Canfor has a 12 month low of C$13.53 and a 12 month high of C$19.30. 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 company has a market capitalization of C$1.98 billion, a PE ratio of -4.97 and a beta of 2.08. The stock's 50-day moving average price is C$15.93 and its 200-day moving average price is C$15.21.

Canfor Company Profile

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.