What is Scotiabank's Forecast for Canfor Q4 Earnings?

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

A number of other research firms have also recently weighed in on CFP. BMO Capital Markets decreased their price objective on 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. Royal Bank of Canada increased their price target on Canfor from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Raymond James raised shares of Canfor from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. TD Securities reduced their target price on shares of Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, CIBC boosted their target price on Canfor from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Tuesday. One investment 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.com, the stock has an average rating of "Buy" and a consensus target price of C$21.33.

Canfor Stock Up 1.7 %

CFP stock traded up C$0.28 during midday trading on Wednesday, reaching C$16.89. 65,057 shares of the company were exchanged, compared to its average volume of 199,590. The stock's 50-day simple moving average is C$15.93 and its 200 day simple moving average is C$15.21. Canfor has a 1-year low of C$13.53 and a 1-year high of C$19.30. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99. The company has a market cap of C$2.00 billion, a price-to-earnings ratio of -4.93 and a beta of 2.08.

About Canfor

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.