Analysts Set Canfor Co. (TSE:CFP) Target Price at C$19.83

Shares of Canfor Co. (TSE:CFP - Get Free Report) have received a consensus rating of "Buy" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$19.83.

A number of research analysts recently commented on CFP shares. CIBC boosted their price objective 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. Raymond James increased their price objective on shares of Canfor from C$20.00 to C$23.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Scotiabank reduced their price objective on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, BMO Capital Markets reduced 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.

Canfor Stock Down 0.7 %

Shares of CFP traded down C$0.11 during trading on Tuesday, reaching C$16.79. The company's stock had a trading volume of 107,013 shares, compared to its average volume of 199,705. Canfor has a twelve month low of C$13.41 and a twelve 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 cap of C$1.99 billion, a price-to-earnings ratio of -5.09 and a beta of 2.06. The company has a fifty day moving average of C$15.35 and a two-hundred day moving average of C$15.19.

Canfor (TSE:CFP - Get Free Report) last released its quarterly 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). Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%. The firm had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. On average, sell-side analysts predict that Canfor will post 0.4005401 EPS for the current fiscal year.

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.