Canfor Co. (TSE:CFP) Receives Consensus Rating of “Hold” from Analysts

Canfor Co. (TSE:CFP) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$18.50.

Several equities analysts recently issued reports on CFP shares. CIBC downgraded shares of Canfor from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$19.00 to C$16.00 in a report on Tuesday, April 22nd. Raymond James dropped their target price on shares of Canfor from C$24.00 to C$22.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 30th. Cibc World Mkts downgraded shares of Canfor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada dropped 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. Finally, TD Securities boosted their price target on shares of Canfor from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Monday, May 12th.

Canfor Trading Down 3.0%

Shares of CFP stock opened at C$13.29 on Wednesday. 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$1.60 billion, a P/E ratio of -2.21 and a beta of 2.08. The firm has a 50-day moving average price of C$13.95 and a 200 day moving average price of C$15.12. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.

Canfor Company Profile

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.