Scotiabank Weighs in on Canfor’s Q4 Earnings (TSE:CFP)

Canfor Co. (TSE:CFP) – Analysts at Scotiabank issued their Q4 2024 earnings per share (EPS) estimates for Canfor in a note issued to investors on Tuesday, October 29th. Scotiabank analyst B. Isaacson expects that the company will earn ($0.44) per share for the quarter. Scotiabank has a “Sector Perform” rating and a $19.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

CFP has been the topic of a number of other reports. TD Securities lowered their target price on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Tuesday. CIBC lifted their price objective on shares of Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James raised shares of Canfor from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. BMO Capital Markets decreased 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 research report on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price objective on Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canfor presently has an average rating of “Buy” and a consensus target price of C$21.33.

Canfor Stock Up 0.8 %

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

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.