Canfor Co. (TSE:CFP) Receives C$17.00 Consensus Price Target from Brokerages

Canfor Co. (TSE:CFP) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$17.00.

CFP has been the topic of a number of research reports. TD Securities decreased their price objective on Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Raymond James Financial downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd.

Canfor Trading Down 2.8%

TSE CFP opened at C$12.29 on Tuesday. The stock’s 50-day simple moving average is C$13.35 and its two-hundred day simple moving average is C$13.78. Canfor has a twelve month low of C$12.14 and a twelve month high of C$18.38. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -2.25 and a beta of 2.24.

Canfor Company Profile

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.