Raymond James Weighs in on Canfor Co.’s FY2025 Earnings (TSE:CFP)

Canfor Co. (TSE:CFP) – Equities researchers at Raymond James upped their FY2025 earnings per share estimates for Canfor in a report released on Wednesday, May 1st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of $1.14 per share for the year, up from their previous estimate of $1.02. Raymond James currently has a “Outperform” rating and a $23.00 target price on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Several other research firms have also recently commented on CFP. Royal Bank of Canada lowered their target price on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. TD Securities lowered their price objective on shares of Canfor from C$22.00 to C$20.00 in a research note on Thursday. Scotiabank set a C$22.00 target price on Canfor and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. CIBC lowered their price target on Canfor from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets cut their price objective on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$21.17.

Canfor Price Performance

Shares of TSE CFP opened at C$14.80 on Friday. The stock has a market cap of C$1.76 billion, a P/E ratio of -5.46 and a beta of 2.16. The firm’s 50-day simple moving average is C$15.93 and its 200 day simple moving average is C$16.29. Canfor has a fifty-two week low of C$13.41 and a fifty-two week high of C$23.99. 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 (TSE:CFP) last announced its quarterly earnings results 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). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The business had revenue of C$1.28 billion for the quarter.

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.