CIBC Trims Canfor (CFP) Target Price to C$15.00

Canfor (TSE:CFP) had its price target decreased by CIBC from C$18.00 to C$15.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other research firms also recently commented on CFP. Raymond James restated a strong-buy rating and set a C$18.00 target price on shares of Canfor in a research report on Thursday, May 2nd. TD Securities cut their target price on Canfor from C$22.00 to C$20.00 in a research report on Wednesday, April 17th. Royal Bank of Canada cut their target price on Canfor from C$21.00 to C$20.00 in a research report on Friday, April 5th. Finally, BMO Capital Markets set a C$20.00 target price on Canfor in a research report on Thursday, February 28th.

Shares of CFP stock opened at C$12.85 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.53 and a debt-to-equity ratio of 48.46. Canfor has a 12 month low of C$12.64 and a 12 month high of C$34.04. The company has a market capitalization of $1.63 billion and a price-to-earnings ratio of 10.65.

Canfor (TSE:CFP) last announced its quarterly earnings data on Thursday, February 21st. The company reported C($0.23) EPS for the quarter. The business had revenue of C$1.03 billion during the quarter. On average, equities research analysts forecast that Canfor will post 1.83000005824669 EPS for the current year.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.

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