Royal Bank Of Canada Cuts Canfor (TSE:CFP) Price Target to C$15.00

Canfor (TSE:CFP) had its target price cut by Royal Bank Of Canada from C$16.00 to C$15.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Raymond James Financial cut their price objective on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canfor has a consensus rating of “Hold” and a consensus target price of C$15.75.

Canfor Stock Performance

Shares of CFP stock opened at C$11.02 on Thursday. The firm has a 50 day moving average of C$11.89 and a 200-day moving average of C$12.98. The company has a market cap of C$1.28 billion, a price-to-earnings ratio of -2.77 and a beta of 1.95. 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 52 week low of C$10.86 and a 52 week high of C$16.22.

Canfor (TSE:CFP) last released its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The company had revenue of C$1.26 billion for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. On average, equities analysts forecast that Canfor will post 0.4005401 earnings per share for the current year.

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.