Canfor Given Average Rating of “Buy” by Brokerages (TSE:CFP)
Canfor (TSE:CFP) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, American Banking News.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$29.25.
Shares of Canfor (TSE:CFP) opened at 25.06 on Wednesday. Canfor has a 1-year low of $19.92 and a 1-year high of $30.02. The stock has a 50-day moving average of $22.97 and a 200-day moving average of $25.25. The company has a market cap of $3.393 billion and a price-to-earnings ratio of 21.04.
Canfor (TSE:CFP) last released its earnings data on Monday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. On average, analysts predict that Canfor will post $1.82 earnings per share for the current fiscal year.
A number of research firms have recently commented on CFP. Analysts at TD Securities cut their price target on shares of Canfor from C$33.00 to C$32.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Canfor from C$30.50 to C$30.00 in a research note on Friday, July 25th. They now have a “sector perform” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Canfor from C$38.00 to C$35.00 in a research note on Wednesday, July 23rd.
Canfor Corporation (TSE:CFP) is an integrated forest products company.
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