Canfor (TSE:CFP) Price Target Lowered to C$17.00 at Raymond James Financial

Canfor (TSE:CFP) had its price target trimmed by Raymond James Financial from C$19.00 to C$17.00 in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, TD Securities reduced their price objective on shares of Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canfor presently has a consensus rating of “Hold” and a consensus target price of C$16.50.

Canfor Trading Up 1.0%

TSE:CFP opened at C$12.56 on Wednesday. The firm’s fifty day moving average is C$12.98 and its 200-day moving average is C$13.50. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. Canfor has a 52 week low of C$12.09 and a 52 week high of C$18.38. The firm has a market cap of C$1.47 billion, a P/E ratio of -2.30 and a beta of 2.01.

Canfor Company Profile

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.