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

Shares of Canfor Co. (TSE:CFP) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$16.00.

Several research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Raymond James Financial dropped their price target on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday.

Canfor Trading Up 1.7%

Shares of CFP opened at C$12.10 on Friday. The firm has a market cap of C$1.41 billion, a P/E ratio of -3.04 and a beta of 1.95. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. Canfor has a 1 year low of C$11.11 and a 1 year high of C$17.24. The company has a 50 day simple moving average of C$12.14 and a two-hundred day simple moving average of C$13.11.

Canfor (TSE:CFP) last posted its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. The company had revenue of C$1.26 billion for the quarter. On average, equities analysts expect that Canfor will post 0.4005401 earnings per share for the current fiscal year.

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.