Canfor (TSE:CFP) Rating Lowered to “Outperform” at Raymond James Financial

Canfor (TSE:CFP) was downgraded by Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$17.00 price target on the stock. Raymond James Financial’s target price indicates a potential upside of 35.35% from the stock’s previous close.

A number of other research firms also recently issued reports on CFP. Scotiabank upgraded shares of Canfor from a “strong sell” rating to a “hold” rating and boosted their target price for the company from C$13.00 to C$16.00 in a report on Monday, January 26th. Royal Bank Of Canada downgraded shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 target price for the company. in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Canfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.25.

Canfor Price Performance

CFP stock opened at C$12.56 on Friday. The company has a market capitalization of C$1.47 billion, a P/E ratio of -1.85 and a beta of 1.28. 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 company has a fifty day moving average price of C$13.44 and a 200-day moving average price of C$12.91.

Canfor (TSE:CFP) last issued its quarterly earnings results on Friday, March 6th. The company reported C($3.33) EPS for the quarter. The firm had revenue of C$1.28 billion for the quarter. Canfor had a negative return on equity of 27.04% and a negative net margin of 14.92%. As a group, equities analysts expect that Canfor will post 0.4005401 EPS for the current year.

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.