Canfor Co. (TSE:CFP) Receives Average Rating of “Buy” from Analysts

Canfor Co. (TSE:CFP) has received an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$21.33.

Several research firms have issued reports on CFP. TD Securities cut their price target on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada upped their target price on Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. CIBC raised their price target on Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. BMO Capital Markets decreased their price objective on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Scotiabank dropped their target price on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 30th.

Canfor Stock Down 1.2 %

TSE:CFP opened at C$16.82 on Friday. The company’s 50-day simple moving average is C$16.19 and its 200-day simple moving average is C$15.27. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$19.30. The stock has a market capitalization of C$1.99 billion, a P/E ratio of -4.99 and a beta of 2.08.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.