Canfor (TSE:CFP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Canfor Co. (TSE:CFP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.77 and traded as low as C$11.93. Canfor shares last traded at C$12.21, with a volume of 150,507 shares changing hands.

Analyst Ratings Changes

CFP has been the subject of a number of recent analyst reports. Raymond James Financial lowered their target price on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Royal Bank Of Canada lowered their price objective on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canfor has an average rating of “Hold” and a consensus price target of C$15.75.

Canfor Price Performance

The firm’s fifty day moving average price is C$11.73 and its 200 day moving average price is C$12.77. The firm has a market capitalization of C$1.42 billion, a PE ratio of -3.07 and a beta of 2.00. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last issued its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The business had revenue of C$1.26 billion for the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. As a group, equities analysts forecast that Canfor Co. will post 0.4005401 earnings per share for the current year.

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.