Scotiabank Analysts Increase Earnings Estimates for Canfor

Canfor Co. (TSE:CFP) – Stock analysts at Scotiabank raised their FY2026 EPS estimates for Canfor in a research report issued on Monday, March 9th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of ($0.79) for the year, up from their previous estimate of ($0.90). Scotiabank currently has a “Hold” rating and a $16.00 price target on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Other analysts also recently issued reports about the company. Royal Bank Of Canada cut their target price on Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Raymond James Financial upgraded Canfor from a “moderate buy” rating to a “strong-buy” rating and raised their price target for the stock from C$15.00 to C$17.00 in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Canfor has an average rating of “Moderate Buy” and a consensus target price of C$16.20.

Canfor Price Performance

TSE:CFP opened at C$13.44 on Thursday. Canfor has a 52 week low of C$10.86 and a 52 week high of C$16.22. The company has a debt-to-equity ratio of 37.16, a quick ratio of 2.14 and a current ratio of 1.45. The firm’s 50-day simple moving average is C$14.04 and its 200 day simple moving average is C$12.88. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -3.38 and a beta of 1.54.

Canfor (TSE:CFP) last issued its quarterly earnings data on Thursday, March 5th. The company reported C($3.33) earnings per share for the quarter. The company had revenue of C$1.28 billion during the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.