Canfor Co. (TSE:CFP) had its price objective upped by Royal Bank Of Canada from C$17.00 to C$18.00 in a report published on Friday, July 28th. They currently have an underperform rating on the stock.
A number of other research firms have also commented on CFP. TD Securities raised their price target on Canfor from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Friday, July 28th. Scotiabank raised their price target on Canfor from C$20.50 to C$21.25 and gave the stock an outperform rating in a report on Thursday, July 27th. Raymond James Financial, Inc. raised their price target on Canfor from C$24.00 to C$25.00 and gave the stock a strong-buy rating in a report on Thursday, July 27th. Finally, CIBC lowered Canfor from a sector outperform rating to a neutral rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Canfor presently has a consensus rating of Buy and a consensus target price of C$21.45.
Shares of Canfor (TSE:CFP) opened at 21.46 on Friday. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $18.55. The company has a market capitalization of $2.85 billion and a P/E ratio of 12.06. Canfor has a 1-year low of $13.35 and a 1-year high of $21.82.
Canfor (TSE:CFP) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.26. Canfor had a return on equity of 20.50% and a net margin of 7.67%. The firm had revenue of $1.19 billion during the quarter. Equities research analysts anticipate that Canfor will post $1.94 EPS for the current year.
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In other Canfor news, Director William W. Stinson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of C$21.34 per share, with a total value of C$64,020.00.
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.
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