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

Shares of Canfor Co. (TSE:CFP) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$18.33.

Several equities research analysts have issued reports on CFP shares. CIBC downgraded Canfor from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$19.00 to C$16.00 in a report on Tuesday, April 22nd. Raymond James dropped their target price on shares of Canfor from C$24.00 to C$22.00 and set a “strong-buy” rating on the stock in a report on Wednesday. TD Securities lowered their price objective on shares of Canfor from C$19.00 to C$17.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Scotiabank lowered shares of Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. Finally, Cibc World Mkts lowered shares of Canfor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 22nd.

Canfor Trading Up 1.4 %

Shares of TSE CFP opened at C$13.58 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. Canfor has a twelve month low of C$12.60 and a twelve month high of C$18.38. The company’s fifty day moving average is C$14.27 and its 200-day moving average is C$15.41. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of -2.26 and a beta of 2.08.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.