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

Canfor (TSE:CFP) had its price objective trimmed by TD Securities from C$20.00 to C$19.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

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

Canfor Price Performance

Shares of CFP stock opened at C$15.16 on Tuesday. Canfor has a twelve month low of C$13.41 and a twelve 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 stock has a fifty day simple moving average of C$14.75 and a two-hundred day simple moving average of C$15.66. The company has a current ratio of 2.31, a quick ratio of 2.14 and a debt-to-equity ratio of 9.76.

Canfor (TSE:CFP) last issued its earnings results on Wednesday, May 1st. The company reported C($0.44) earnings per share for the quarter. The firm had revenue of C$1.38 billion during the quarter. Canfor had a negative return on equity of 6.09% and a negative net margin of 4.58%. On average, analysts predict that Canfor will post 0.4005401 EPS 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.