Canfor Co. (TSE:CFP) Receives C$21.33 Average PT from Analysts

Shares of Canfor Co. (TSE:CFP) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$21.33.

Several research analysts have recently issued reports on the company. CIBC lifted their price target on Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reduced their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. TD Securities dropped their price objective 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, October 29th. Raymond James upgraded Canfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th.

Canfor Stock Performance

Shares of CFP stock opened at C$15.00 on Friday. The stock has a fifty day moving average price of C$16.68 and a 200 day moving average price of C$15.70. 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 stock has a market cap of C$1.78 billion, a PE ratio of -4.45 and a beta of 2.08. Canfor has a 1 year low of C$13.53 and a 1 year high of C$19.30.

Canfor Company Profile

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.