Canfor Co. (TSE:CFP) Receives Average Recommendation of “Hold” from Analysts

Shares of Canfor Co. (TSE:CFP) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$18.33.

CFP has been the topic of a number of recent analyst reports. Cibc World Mkts cut Canfor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. TD Securities reduced their price objective on shares of Canfor from C$19.00 to C$17.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada lowered their target price on shares of Canfor from C$19.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Raymond James cut their price target on shares of Canfor from C$24.00 to C$22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday. Finally, Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Canfor Stock Up 0.1 %

Shares of CFP opened at C$13.17 on Friday. The stock’s 50-day moving average price is C$14.34 and its two-hundred day moving average price is C$15.45. Canfor has a 12 month low of C$12.60 and a 12 month high of C$18.38. The company has a market capitalization of C$1.58 billion, a PE ratio of -2.19 and a beta of 2.08. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.