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

Canfor Co. (TSE:CFP) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$21.00.

Several equities research analysts have issued reports on the company. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Royal Bank of Canada cut their price objective on Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. CIBC decreased their target price on shares of Canfor from C$21.00 to C$19.00 in a research report on Wednesday, January 15th. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Finally, TD Securities reduced their price target on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th.

Canfor Stock Up 0.4 %

Shares of CFP opened at C$15.65 on Thursday. Canfor has a 52-week low of C$13.53 and a 52-week high of C$18.38. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The stock has a fifty day simple moving average of C$16.14 and a two-hundred day simple moving average of C$15.76. The company has a market capitalization of C$1.85 billion, a PE ratio of -4.64 and a beta of 2.08.

Canfor Company Profile

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.