Scotiabank Has Negative Forecast for Canfor FY2027 Earnings

Canfor Co. (TSE:CFP) – Scotiabank dropped their FY2027 earnings estimates for Canfor in a report released on Monday, March 9th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of $0.42 for the year, down from their prior estimate of $0.53. Scotiabank currently 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.

Canfor (TSE:CFP) last announced its quarterly earnings data on Thursday, March 5th. The company reported C($3.33) earnings per share 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.

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

Canfor Stock Performance

Shares of CFP stock opened at C$13.71 on Wednesday. The business has a fifty day moving average of C$14.00 and a 200 day moving average of C$12.87. Canfor has a 1 year low of C$10.86 and a 1 year high of C$16.22. The company has a debt-to-equity ratio of 37.16, a current ratio of 1.45 and a quick ratio of 2.14. The firm has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -3.44 and a beta of 1.54.

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.