Canfor Co. (TSE:CFP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Canfor Co. (TSE:CFP) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$16.25.

CFP has been the subject of a number of analyst reports. Raymond James Financial raised Canfor from a “moderate buy” rating to a “strong-buy” rating and increased their price target for the company from C$15.00 to C$17.00 in a report on Wednesday, January 14th. Royal Bank Of Canada cut their target price on Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th.

Canfor Stock Performance

Canfor stock opened at C$14.73 on Monday. Canfor has a 12-month low of C$10.86 and a 12-month high of C$16.22. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -3.70 and a beta of 2.00. The firm’s fifty day moving average price is C$12.11 and its 200 day moving average price is C$12.71.

Canfor (TSE:CFP) last announced 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 business had revenue of C$1.26 billion for the quarter. On average, research analysts forecast that Canfor will post 0.4005401 EPS for the current fiscal year.

About Canfor

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.