TD Securities Lowers Canfor (TSE:CFP) Price Target to C$20.00

Canfor (TSE:CFP) had its price objective decreased by TD Securities from C$22.00 to C$20.00 in a research note released on Thursday, BayStreet.CA reports.

CFP has been the subject of a number of other reports. Royal Bank of Canada dropped their target price on shares of Canfor from C$22.00 to C$19.00 and set an outperform rating for the company in a report on Friday, April 19th. BMO Capital Markets dropped their price objective on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. Raymond James cut Canfor from a strong-buy rating to an outperform rating and reduced their target price for the company from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. Scotiabank set a C$22.00 price target on Canfor and gave the stock a sector perform rating in a research note on Monday, January 22nd. Finally, CIBC cut their price target on shares of Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$21.17.

Canfor Stock Performance

Shares of CFP stock opened at C$14.80 on Thursday. The company has a debt-to-equity ratio of 9.34, a quick ratio of 2.14 and a current ratio of 2.49. 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 market capitalization of C$1.76 billion, a P/E ratio of -5.46 and a beta of 2.16. The stock has a 50 day moving average price of C$15.93 and a two-hundred day moving average price of C$16.29.

Canfor (TSE:CFP) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C($1.06) 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%. Analysts expect that Canfor will post 0.4005401 earnings per share for the current year.

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.