Canfor Co. (TSE:CFP) Receives C$20.33 Consensus Target Price from Analysts

Canfor Co. (TSE:CFP) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$20.33.

Several analysts have recently issued reports on CFP shares. Royal Bank of Canada decreased their price target on Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. TD Securities decreased their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Raymond James decreased their target price on Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. Finally, CIBC decreased their target price on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th.

Canfor Stock Performance

Shares of TSE CFP opened at C$14.80 on Monday. The business’s 50-day moving average price is C$15.40 and its two-hundred day moving average price is C$15.84. 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 has a one year low of C$13.53 and a one year high of C$18.38. The company has a market capitalization of C$1.75 billion, a P/E ratio of -4.39 and a beta of 2.08.

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.