Stephen Roche Mackie Sells 4,052 Shares of Canfor (TSE:CFP) Stock

Canfor Co. (TSE:CFP – Get Free Report) insider Stephen Roche Mackie sold 4,052 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the transaction, the insider owned 5,410 shares in the company, valued at C$86,560. The trade was a 42.82% decrease in their position.

Stephen Roche Mackie also recently made the following trade(s):

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• On Wednesday, August 5th, Stephen Roche Mackie acquired 103 shares of Canfor stock. The shares were bought at an average price of C$16.00 per share, with a total value of C$1,648.00.

Canfor Trading Down 1.0%

TSE:CFP opened at C$15.10 on Friday. The company has a market capitalization of C$1.77 billion, a P/E ratio of -2.71 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 2.14 and a debt-to-equity ratio of 41.78. Canfor Co. has a 12 month low of C$10.86 and a 12 month high of C$16.08. The firm has a fifty day simple moving average of C$14.18 and a 200-day simple moving average of C$13.71.

Canfor (TSE:CFP – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share (EPS) for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The firm had revenue of C$1.53 billion during the quarter. On average, equities research analysts anticipate that Canfor Co. will post 0.4005401 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on CFP shares. Raymond James Financial lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price target for the company. in a research report on Friday, April 24th. TD raised their target price on shares of Canfor from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.00.

View Our Latest Stock Analysis on Canfor

Canfor Company Profile

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Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.

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