Canfor Co. (TSE:CFP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Canfor Co. (TSE:CFP) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$21.00.

Several brokerages have commented on CFP. Royal Bank of Canada cut 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 report on Friday, December 20th. BMO Capital Markets downgraded shares of Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. CIBC dropped their price objective on shares of Canfor from C$21.00 to C$19.00 in a report on Wednesday. Raymond James raised shares of Canfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. Finally, TD Securities dropped their price objective on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Tuesday, October 29th.

Canfor Stock Up 1.9 %

Shares of TSE:CFP opened at C$15.29 on Thursday. The firm has a fifty day moving average price of C$16.22 and a two-hundred day moving average price of C$15.73. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14. Canfor has a one year low of C$13.53 and a one year high of C$18.41. The company has a market cap of C$1.81 billion, a price-to-earnings ratio of -4.54 and a beta of 2.08.

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.