TD Securities Trims Canfor (TSE:CFP) Target Price to C$19.00

Canfor (TSE:CFP) had its target price cut by TD Securities from C$20.00 to C$19.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Several other research analysts have also recently issued reports on CFP. Royal Bank of Canada lowered their price objective on Canfor from C$19.00 to C$18.00 in a research report on Thursday, July 11th. BMO Capital Markets lowered their price objective on Canfor from C$22.00 to C$20.00 and set a strong-buy rating for the company in a research report on Tuesday. Finally, CIBC lowered their price objective on Canfor from C$21.00 to C$17.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$19.83.

Canfor Trading Up 4.4 %

CFP opened at C$15.16 on Tuesday. Canfor has a 12 month low of C$13.41 and a 12 month high of C$22.63. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -7.29 and a beta of 2.18. The company has a debt-to-equity ratio of 9.76, a current ratio of 2.31 and a quick ratio of 2.14. The business has a fifty day moving average price of C$14.75 and a 200 day moving average price of C$15.66.

Canfor (TSE:CFP) last released its earnings results on Wednesday, May 1st. The company reported C($0.44) EPS for the quarter. Canfor had a negative return on equity of 6.09% and a negative net margin of 4.58%. The company had revenue of C$1.38 billion for the quarter. Sell-side analysts expect that Canfor will post 0.4005401 earnings per share for the current fiscal year.

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.