FY2025 Earnings Forecast for Canfor Issued By Raymond James

Canfor Co. (TSE:CFP) – Analysts at Raymond James reduced their FY2025 EPS estimates for shares of Canfor in a research report issued to clients and investors on Monday, February 3rd. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.94) per share for the year, down from their previous forecast of ($0.58). The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Several other brokerages have also weighed in on CFP. Scotiabank lowered shares of Canfor from a “hold” rating to a “strong sell” rating in a report on Monday. BMO Capital Markets lowered Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. TD Securities dropped their target price on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reduced their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Finally, CIBC cut their target price on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canfor has a consensus rating of “Moderate Buy” and a consensus target price of C$20.33.

Canfor Stock Down 0.3 %

Shares of TSE:CFP opened at C$14.66 on Thursday. Canfor has a 52-week low of C$13.53 and a 52-week high of C$18.38. The company has a market capitalization of C$1.74 billion, a P/E ratio of -4.35 and a beta of 2.08. The stock’s fifty day simple moving average is C$15.61 and its 200-day simple moving average is C$15.84. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97.

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.