Canfor Receives Consensus Rating of “Buy” from Brokerages (TSE:CFP)
Canfor (TSE:CFP) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$29.25.
A number of analysts have recently weighed in on CFP shares. 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.
Shares of Canfor (TSE:CFP) opened at 25.35 on Wednesday. Canfor has a one year low of $19.92 and a one year high of $30.02. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $25.21. The company has a market cap of $3.432 billion and a price-to-earnings ratio of 22.46.
Canfor (TSE:CFP) last announced its earnings results on Monday, July 28th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.04. Analysts expect that Canfor will post $1.83 EPS for the current fiscal year.
Canfor Corporation (TSE:CFP) is an integrated forest products company.
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