Canfor (TSE:CFP) Price Target Lowered to C$20.00 at BMO Capital Markets

Canfor (TSE:CFP) had its target price reduced by BMO Capital Markets from C$22.00 to C$20.00 in a research report report published on Tuesday morning, MarketBeat reports. BMO Capital Markets currently has a strong-buy rating on the stock.

CFP has been the topic of several other research reports. TD Securities dropped their target price on shares of Canfor from C$22.00 to C$20.00 in a research note on Thursday, May 2nd. CIBC lowered their price objective on Canfor from C$21.00 to C$17.00 in a research report on Thursday, July 18th. Finally, Royal Bank of Canada reduced their target price on Canfor from C$19.00 to C$18.00 in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$19.83.

Canfor Stock Up 2.4 %

CFP stock opened at C$15.52 on Tuesday. The business has a 50 day moving average of C$14.75 and a 200 day moving average of C$15.64. The firm has a market cap of C$1.84 billion, a PE ratio of -7.46 and a beta of 2.18. Canfor has a twelve month low of C$13.41 and a twelve month high of C$22.63. The company has a quick ratio of 2.14, a current ratio of 2.31 and a debt-to-equity ratio of 9.76.

Canfor (TSE:CFP) last issued its quarterly earnings results on Thursday, July 25th. The company reported C($1.42) earnings per share for the quarter, missing the consensus estimate of C($0.17) by C($1.25). The company had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative net margin of 4.58% and a negative return on equity of 6.09%. On average, research analysts forecast 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.