Canfor (TSE:CFP) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Canfor (TSE:CFP) from a moderate buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage currently has C$17.00 target price on the stock, up from their prior target price of C$15.00.

Separately, Royal Bank Of Canada lowered their price objective on Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.25.

Canfor Trading Up 2.1%

TSE:CFP opened at C$14.31 on Wednesday. Canfor has a 12 month low of C$10.86 and a 12 month high of C$16.22. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. The firm’s 50 day moving average is C$11.88 and its 200 day moving average is C$12.74. The stock has a market capitalization of C$1.67 billion, a PE ratio of -3.60 and a beta of 2.00.

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. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%.The firm had revenue of C$1.26 billion during the quarter. Sell-side analysts expect 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.