Canfor (TSE:CFP) Price Target Cut to C$22.00

Canfor (TSE:CFP) had its target price decreased by BMO Capital Markets from C$24.00 to C$22.00 in a report issued on Wednesday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. CIBC lowered their price objective on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. TD Securities decreased their price target on shares of Canfor from C$25.00 to C$22.00 and set a buy rating for the company in a research note on Thursday, March 7th. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the company a sector perform rating in a report on Monday, January 22nd. Finally, Raymond James downgraded Canfor from a strong-buy rating to an outperform rating and reduced their target price for the company from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$23.00.

Canfor Trading Down 3.0 %

TSE:CFP opened at C$14.53 on Wednesday. Canfor has a 52 week low of C$13.41 and a 52 week high of C$23.99. The firm’s fifty day moving average is C$16.28 and its 200-day moving average is C$16.36. The firm has a market cap of C$1.73 billion, a P/E ratio of -5.36 and a beta of 2.16. The company has a debt-to-equity ratio of 9.34, a quick ratio of 2.14 and a current ratio of 2.49.

Canfor (TSE:CFP) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. The firm had revenue of C$1.28 billion for the quarter. Equities analysts expect that Canfor will post 0.4005401 earnings per share for the current 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.