Canfor Co. (TSE:CFP) Given Consensus Recommendation of "Buy" by Analysts

Canfor Co. (TSE:CFP - Get Free Report) has earned an average recommendation of "Buy" from the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$21.33.

A number of analysts recently commented on CFP shares. CIBC upped their price target on shares of Canfor from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research note on Tuesday. BMO Capital Markets dropped their target price on Canfor from C$22.00 to C$20.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, July 23rd. TD Securities cut their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Tuesday. Royal Bank of Canada boosted their price objective on Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Scotiabank cut their target price on Canfor from C$20.00 to C$19.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 30th.

Canfor Stock Performance

Shares of CFP stock traded up C$0.46 during trading hours on Friday, hitting C$17.07. 210,388 shares of the company were exchanged, compared to its average volume of 200,690. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -5.07 and a beta of 2.08. The firm has a fifty day simple moving average of C$16.06 and a 200 day simple moving average of C$15.24. Canfor has a 52-week low of C$13.53 and a 52-week high of C$19.30.

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.