Canfor (TSE:CFP) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Canfor Co. (TSE:CFP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.37 and traded as high as C$13.72. Canfor shares last traded at C$13.58, with a volume of 41,702 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada cut Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research report on Thursday, April 16th. Raymond James Financial cut shares of 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Canfor currently has a consensus rating of “Moderate Buy” and an average target price of C$16.25.

Canfor Trading Up 0.1%

The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -1.90 and a beta of 1.37. The company has a current ratio of 1.32, a quick ratio of 2.14 and a debt-to-equity ratio of 43.49. The business’s 50 day moving average price is C$13.23 and its two-hundred day moving average price is C$13.37.

Canfor (TSE:CFP) last released its quarterly earnings data 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 company had revenue of C$1.36 billion for the quarter. On average, equities analysts predict that Canfor Co. 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.