Canfor Co. (TSE:CFP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Canfor Co. (TSE:CFP) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$16.25.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Raymond James Financial raised shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the stock from C$15.00 to C$17.00 in a report on Wednesday, January 14th.

Canfor Stock Performance

Shares of CFP stock opened at C$14.73 on Monday. The stock has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -3.70 and a beta of 2.00. Canfor has a one year low of C$10.86 and a one year high of C$16.22. The company’s 50-day simple moving average is C$12.11 and its 200-day simple moving average is C$12.71. 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 (TSE:CFP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The firm had revenue of C$1.26 billion for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. Equities analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal year.

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.