Canfor (CFP) Stock Forecast & Price Target

C$16.91

-0.23 (-1.34%)

(As of 10/17/2024 ET)

Canfor - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 6 Analyst Ratings

Sell
0

Hold
1

Buy
5

Based on 6 Wall Street analysts who have issued ratings for Canfor in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 1 has given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for CFP.

Consensus Price Target

C$19.83
17.29% Upside

According to the 6 analysts' twelve-month price targets for Canfor, the average price target is C$19.83. The highest price target for CFP is C$23.00, while the lowest price target for CFP is C$19.00. The average price target represents a forecasted upside of 17.29% from the current price of C$16.91.

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CFP Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$19.83	C$19.83	C$20.33	C$26.60
Forecasted Upside	17.29% Upside	22.28% Upside	37.39% Upside	83.96% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Buy

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CFP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CFP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canfor Stock vs. The Competition

Type	Canfor	Basic Materials Companies
Consensus Rating Score	3.00	2.76
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent CFP News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/30/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Perform	C$20.00 ➝ C$19.00	+21.02%
7/29/2024	CIBC 3 of 5 stars		Boost Target	Outperform	C$17.00 ➝ C$19.00	+24.18%
7/29/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform	C$18.00 ➝ C$19.00	+24.18%
7/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$20.00 ➝ C$23.00	+57.10%
7/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$20.00 ➝ C$19.00	+29.78%
7/23/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mamtora Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy	C$22.00 ➝ C$20.00	+36.61%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:23 AM ET.

CFP Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Canfor is C$19.83, with a high forecast of C$23.00 and a low forecast of C$19.00.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canfor in the last twelve months. There is currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CFP shares.
: According to analysts, Canfor's stock has a predicted upside of 17.29% based on their 12-month stock forecasts.
: Canfor has been rated by research analysts at BMO Capital Markets, CIBC, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Canfor more than other "basic materials" companies. The consensus rating for Canfor is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CFP compares to other companies.

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This page (TSE:CFP) was last updated on 10/18/2024 by MarketBeat.com Staff

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