Canfor (TSE:CFP – Get Free Report) had its price target lowered by investment analysts at CIBC from C$22.00 to C$21.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 41.89% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Scotiabank set a C$22.00 price target on Canfor and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Royal Bank of Canada cut their price objective on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TD Securities decreased their price target on shares of Canfor from C$22.00 to C$20.00 in a research report on Thursday. Raymond James lowered Canfor from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. Finally, BMO Capital Markets dropped their price objective on shares of Canfor from C$24.00 to C$22.00 in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$21.17.
Read Our Latest Analysis on Canfor
Canfor Price Performance
Canfor (TSE:CFP – Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The firm had revenue of C$1.28 billion during the quarter. On average, sell-side analysts expect that Canfor will post 0.4005401 earnings per share for the current fiscal year.
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.
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