Canfor (TSE:CFP - Get Free Report) had its price objective decreased by research analysts at TD Securities from C$22.00 to C$21.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target would indicate a potential upside of 26.43% from the company's previous close.
A number of other equities analysts have also commented on CFP. Scotiabank dropped their price target on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 30th. CIBC lifted their target price on shares of Canfor from C$17.00 to C$19.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a report on Monday, July 29th. BMO Capital Markets dropped their price objective on Canfor from C$22.00 to C$20.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, July 23rd. Finally, Raymond James upgraded Canfor from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. 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 stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$21.33.
View Our Latest Stock Analysis on CFP
Canfor Stock Down 3.8 %
Shares of TSE:CFP traded down C$0.66 on Tuesday, reaching C$16.61. The company had a trading volume of 301,098 shares, compared to its average volume of 200,316. The stock has a 50-day moving average price of C$15.90 and a 200 day moving average price of C$15.20. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. Canfor has a twelve month low of C$13.53 and a twelve month high of C$19.30. The stock has a market capitalization of C$1.97 billion, a P/E ratio of -4.94 and a beta of 2.08.
About Canfor
(
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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.
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