Canfor (TSE:CFP) Raised to “Strong-Buy” at Raymond James Financial

Canfor (TSE:CFP) was upgraded by equities researchers at Raymond James Financial from a “moderate buy” rating to a “strong-buy” rating in a report released on Wednesday, MarketBeat.com reports. The firm presently has a C$17.00 target price on the stock, up from their prior target price of C$15.00. Raymond James Financial’s target price points to a potential upside of 21.26% from the company’s previous close.

Separately, Royal Bank Of Canada cut their price target on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$16.25.

Canfor Stock Up 3.7%

Shares of TSE CFP opened at C$14.02 on Wednesday. The stock has a market cap of C$1.63 billion, a PE ratio of -3.52 and a beta of 2.00. The business has a fifty day moving average of C$11.84 and a two-hundred day moving average of C$12.73. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. Canfor has a 52-week low of C$10.86 and a 52-week high of C$16.22.

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