Canfor (TSE:CFP) Price Target Lowered to C$24.00 at Raymond James

Canfor (TSE:CFP) had its price target decreased by Raymond James from C$28.00 to C$24.00 in a research note released on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for Canfor’s FY2026 earnings at $1.47 EPS.

Several other equities analysts have also commented on CFP. Royal Bank of Canada lowered their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. TD Securities dropped their price target 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, October 29th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. Finally, CIBC decreased their price objective on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canfor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.33.

Canfor Price Performance

CFP opened at C$15.73 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The company’s 50-day moving average price is C$16.14 and its 200 day moving average price is C$15.76. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$18.38. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of -4.67 and a beta of 2.08.

Canfor (TSE:CFP) last announced its quarterly earnings results on Friday, October 25th. The company reported C($1.65) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.10) by C($0.55). Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%. During the same period in the prior year, the company posted ($0.16) earnings per share. As a group, sell-side analysts expect that Canfor will post 0.4005401 earnings per share for the current year.

About Canfor

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.