FY2024 Earnings Estimate for Canfor Issued By Raymond James

Canfor Co. (TSE:CFP) – Investment analysts at Raymond James dropped their FY2024 EPS estimates for shares of Canfor in a report released on Sunday, October 27th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of ($4.29) for the year, down from their previous estimate of ($3.57). Raymond James has a “Strong-Buy” rating and a $28.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Other research analysts have also issued research reports about the stock. TD Securities reduced their price objective on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank of Canada boosted their target price on shares of Canfor from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. CIBC boosted their target price on shares of Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets lowered their price target on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Scotiabank reduced their price objective on Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$21.33.

Canfor Stock Up 0.8 %

Canfor stock opened at C$16.74 on Wednesday. The company’s 50 day simple moving average is C$15.93 and its 200 day simple moving average is C$15.21. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$19.30. The firm has a market capitalization of C$1.98 billion, a price-to-earnings ratio of -4.97 and a beta of 2.08. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.