Canfor (TSE:CFP) Shares Cross Above 200-Day Moving Average – Should You Sell?

Canfor Co. (TSE:CFP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.28 and traded as high as C$13.79. Canfor shares last traded at C$13.75, with a volume of 198,901 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CFP. Raymond James Financial lowered Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective on the stock. in a research note on Friday, April 24th. Royal Bank Of Canada lowered Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$16.25.

Canfor Stock Up 2.0%

The company has a current ratio of 1.32, a quick ratio of 2.14 and a debt-to-equity ratio of 43.49. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -1.93 and a beta of 1.42. The firm’s fifty day simple moving average is C$13.09 and its two-hundred day simple moving average is C$13.28.

Canfor (TSE:CFP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C($0.62) earnings per share for the quarter. The firm had revenue of C$1.36 billion during the quarter. Canfor had a negative net margin of 15.87% and a negative return on equity of 30.75%. Sell-side analysts anticipate that Canfor Co. will post 0.4005401 EPS for the current year.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.