Canfor Co. (TSE:CFP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Canfor Co. (TSE:CFP) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$16.00.

CFP has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Raymond James Financial lowered their target price on Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday.

Canfor Trading Up 1.7%

TSE CFP opened at C$12.10 on Friday. The stock has a market cap of C$1.41 billion, a PE ratio of -3.04 and a beta of 1.95. Canfor has a 12 month low of C$11.11 and a 12 month high of C$17.24. The company’s 50-day moving average price is C$12.14 and its 200-day moving average price is C$13.11. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The company had revenue of C$1.26 billion during the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. Equities research analysts forecast that Canfor will post 0.4005401 earnings per share for the current year.

Canfor Company Profile

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.