Canfor Co. (TSE:CFP) Receives Consensus Recommendation of “Hold” from Analysts

Canfor Co. (TSE:CFP) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$18.50.

Several research firms have issued reports on CFP. Cibc World Mkts cut Canfor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Raymond James dropped their target price on Canfor from C$24.00 to C$22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 30th. TD Securities boosted their price target on Canfor from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. CIBC lowered Canfor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$19.00 to C$16.00 in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada decreased their price target on Canfor from C$19.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd.

Canfor Stock Performance

TSE CFP opened at C$13.84 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. The business’s 50 day moving average is C$13.39 and its two-hundred day moving average is C$14.67. Canfor has a 12-month low of C$12.60 and a 12-month high of C$18.38. The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -2.30 and a beta of 2.08.

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.