Canfor Co. (CFP) Scheduled to Post Earnings on Wednesday
Canfor Co. (TSE:CFP) is scheduled to release its earnings data after the market closes on Wednesday, July 26th. Analysts expect Canfor to post earnings of $0.52 per share for the quarter.
Canfor Co. (TSE CFP) opened at 20.53 on Wednesday. The company has a market cap of $2.73 billion and a P/E ratio of 14.28. Canfor Co. has a 12-month low of $13.35 and a 12-month high of $20.92. The firm has a 50-day moving average price of $19.40 and a 200-day moving average price of $17.93.
Several equities analysts have recently issued reports on CFP shares. Royal Bank Of Canada cut Canfor from a “sector perform” rating to an “underperform” rating and set a C$17.00 price objective for the company. in a report on Wednesday, April 19th. Scotiabank boosted their price objective on Canfor from C$19.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. raised Canfor from an “outperform” rating to a “strong-buy” rating and set a C$24.00 price objective for the company in a report on Tuesday, April 25th. TD Securities boosted their price objective on Canfor from C$22.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, CIBC cut Canfor from a “sector outperform” rating to a “neutral” rating in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$21.00.
In other Canfor news, Director Mark Andrew Feldinger sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of C$20.17, for a total transaction of C$90,765.00.
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Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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