Canfor Co. (TSE:CFP) Receives C$21.00 Average Target Price from Brokerages

Canfor Co. (TSE:CFP) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$21.00.

CFP has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. CIBC reduced their price objective on Canfor from C$21.00 to C$19.00 in a report on Wednesday. TD Securities lowered their target price on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Finally, Raymond James upgraded Canfor from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd.

Canfor Price Performance

CFP opened at C$15.58 on Thursday. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$18.38. The firm has a 50-day moving average of C$16.17 and a 200 day moving average of C$15.75. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99. The firm has a market cap of C$1.84 billion, a P/E ratio of -4.62 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.