Canfor Co. (TSE:CFP) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$22.31.

A number of analysts have weighed in on CFP shares. Royal Bank Of Canada lowered Canfor from a “sector perform” rating to an “underperform” rating and set a C$17.00 target price for the company. in a report on Wednesday, April 19th. Raymond James Financial, Inc. upped their price target on Canfor from C$24.00 to C$25.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 27th. Scotiabank upped their price target on Canfor from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. TD Securities upped their price target on Canfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, CIBC downgraded Canfor from a “sector outperform” rating to a “neutral” rating in a research report on Monday, April 24th.

In other Canfor news, Director William W. Stinson purchased 3,000 shares of Canfor stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of C$21.34 per share, with a total value of C$64,020.00.

Shares of Canfor (TSE CFP) opened at 21.52 on Tuesday. The company has a market cap of $2.86 billion and a price-to-earnings ratio of 12.10. Canfor has a 12-month low of $13.35 and a 12-month high of $21.58. The firm has a 50 day moving average price of $19.79 and a 200-day moving average price of $18.31.

Canfor (TSE:CFP) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.26. The company had revenue of $1.19 billion during the quarter. Canfor had a return on equity of 20.50% and a net margin of 7.67%. On average, equities analysts expect that Canfor will post $1.92 earnings per share for the current fiscal year.

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Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.

Analyst Recommendations for Canfor (TSE:CFP)

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