Canfor (TSE:CFP) Price Target Lowered to C$22.00 at BMO Capital Markets

Canfor (TSE:CFP) had its price objective lowered by BMO Capital Markets from C$24.00 to C$22.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

A number of other equities analysts also recently commented on CFP. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the stock a sector perform rating in a report on Monday, January 22nd. CIBC cut their price target on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. Raymond James lowered Canfor from a strong-buy rating to an outperform rating and lowered their price objective for the company from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. Finally, TD Securities cut their target price on Canfor from C$25.00 to C$22.00 and set a buy rating for the company in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$23.00.

Canfor Trading Down 3.0 %

Canfor stock opened at C$14.53 on Wednesday. The business has a 50 day moving average price of C$16.28 and a two-hundred day moving average price of C$16.36. The company has a quick ratio of 2.14, a current ratio of 2.49 and a debt-to-equity ratio of 9.34. Canfor has a 12 month low of C$13.41 and a 12 month high of C$23.99. The stock has a market cap of C$1.73 billion, a price-to-earnings ratio of -5.36 and a beta of 2.16.

Canfor (TSE:CFP) last released its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). The firm had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. As a group, equities analysts forecast that Canfor will post 0.4005401 EPS for the current year.

About Canfor

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.