Canfor (TSE:CFP) Price Target Raised to C$18.00 at TD

Canfor (TSE:CFP) had its price target upped by equities researchers at TD from C$16.00 to C$18.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 22.87% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Royal Bank Of Canada downgraded Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research note on Thursday, April 16th. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective for the company. in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$16.60.

Canfor Stock Performance

TSE:CFP traded up C$1.18 during mid-day trading on Tuesday, reaching C$14.65. The stock had a trading volume of 316,283 shares, compared to its average volume of 201,065. Canfor has a twelve month low of C$10.86 and a twelve month high of C$16.08. The business has a 50 day simple moving average of C$13.25 and a 200 day simple moving average of C$13.40. The firm has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -2.05 and a beta of 1.37. The company has a debt-to-equity ratio of 43.49, a quick ratio of 2.14 and a current ratio of 1.32.

Canfor (TSE:CFP) last released its earnings results on Wednesday, May 6th. The company reported C($0.62) earnings per share (EPS) for the quarter. Canfor had a negative return on equity of 30.75% and a negative net margin of 15.87%.The business had revenue of C$1.36 billion for the quarter. On average, analysts expect that Canfor will post 0.4005401 earnings per share for the current fiscal year.

Canfor Company Profile

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.