Canfor (TSE:CFP) Stock Price Passes Below 200 Day Moving Average of $16.23

Canfor Co. (TSE:CFPGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.23 and traded as low as C$14.75. Canfor shares last traded at C$15.11, with a volume of 60,565 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Canfor from C$24.00 to C$22.00 in a research report on Wednesday, April 17th. TD Securities cut their price target on shares of Canfor from C$22.00 to C$20.00 in a research note on Thursday, May 2nd. Royal Bank of Canada cut their price target on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, CIBC cut their price target on shares of Canfor from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$21.17.

Get Our Latest Analysis on Canfor

Canfor Price Performance

The firm has a market cap of C$1.79 billion, a price-to-earnings ratio of -7.26 and a beta of 2.18. The company has a quick ratio of 2.14, a current ratio of 2.31 and a debt-to-equity ratio of 9.76. The company’s fifty day moving average is C$15.10 and its 200 day moving average is C$16.23.

Canfor (TSE:CFPGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C($0.44) EPS for the quarter. The firm had revenue of C$1.38 billion during the quarter. Canfor had a negative net margin of 4.58% and a negative return on equity of 6.09%. On average, equities research analysts predict that Canfor Co. will post 0.4005401 EPS for the current year.

Canfor Company Profile

(Get Free Report)

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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