Canfor (TSE:CFP – Free Report) had its target price lowered by BMO Capital Markets from C$24.00 to C$22.00 in a research report released on Wednesday morning, BayStreet.CA reports.
CFP has been the subject of several other reports. Scotiabank set a C$22.00 target price on shares of Canfor and gave the company a sector perform rating in a research note on Monday, January 22nd. CIBC cut their target price on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. TD Securities cut their target price on shares of Canfor from C$25.00 to C$22.00 and set a buy rating for the company in a research note on Thursday, March 7th. Finally, Raymond James cut shares of Canfor from a strong-buy rating to an outperform rating and cut their target price for the company from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$21.67.
Check Out Our Latest Report on CFP
Canfor Stock Performance
Canfor (TSE:CFP – Get Free Report) last announced 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 during the quarter. Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. Equities analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal 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.
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