Canfor Co. (TSE:CFP) Receives Consensus Rating of “Hold” from Analysts

Shares of Canfor Co. (TSE:CFP) have earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$15.75.

Several analysts have recently weighed in on CFP shares. Royal Bank Of Canada reduced their price objective on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Raymond James Financial cut their price target on shares of Canfor from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th.

Canfor Trading Down 0.1%

TSE:CFP opened at C$12.35 on Thursday. Canfor has a 1 year low of C$10.86 and a 1 year high of C$16.22. The stock has a market cap of C$1.44 billion, a P/E ratio of -3.10 and a beta of 2.00. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The stock has a 50-day simple moving average of C$11.72 and a 200-day simple moving average of C$12.79.

Canfor (TSE:CFP) last issued its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share for the quarter. The business had revenue of C$1.26 billion for the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. As a group, analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal 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.