Scotiabank Has Negative Outlook for Canfor FY2027 Earnings

Canfor Co. (TSE:CFP) – Scotiabank lowered their FY2027 earnings per share estimates for Canfor in a research report issued on Friday, April 17th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of $0.41 per share for the year, down from their previous estimate of $0.42. Scotiabank has a “Hold” rating and a $16.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Several other research firms have also issued reports on CFP. Royal Bank Of Canada lowered Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target for the company. in a report on Thursday, April 16th. Raymond James Financial raised Canfor from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$15.00 to C$17.00 in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Canfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.25.

Canfor Stock Performance

TSE:CFP opened at C$12.91 on Tuesday. The stock has a 50-day simple moving average of C$13.58 and a two-hundred day simple moving average of C$12.91. Canfor has a 52-week low of C$10.86 and a 52-week high of C$16.08. 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 has a market capitalization of C$1.51 billion, a PE ratio of -1.90 and a beta of 1.28.

Canfor (TSE:CFP) last released its quarterly earnings results on Friday, March 6th. The company reported C($3.33) earnings per share (EPS) for the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%. The company had revenue of C$1.28 billion for the quarter.

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.