Canfor Co. (TSE:CFP) Given Consensus Rating of “Hold” by Analysts

Canfor Co. (TSE:CFP) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$18.50.

Several research analysts recently commented on CFP shares. Royal Bank of Canada dropped their target price on shares of Canfor from C$19.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. CIBC downgraded shares of Canfor from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$19.00 to C$16.00 in a report on Tuesday, April 22nd. Scotiabank downgraded shares of Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. TD Securities raised their price target on shares of Canfor from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Finally, Cibc World Mkts lowered shares of Canfor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 22nd.

Canfor Stock Performance

Shares of CFP opened at C$13.29 on Wednesday. The company has a market capitalization of C$1.60 billion, a PE ratio of -2.21 and a beta of 2.08. Canfor has a one year low of C$12.60 and a one year high of C$18.38. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. The company’s fifty day moving average price is C$13.95 and its 200 day moving average price is C$15.12.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.