Canfor Co. (TSE:CFP) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Canfor Co. (TSE:CFP - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$18.50.

Several equities research analysts have weighed in on the stock. Cibc World Mkts cut shares of Canfor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Raymond James Financial decreased their price target on shares of Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 30th. TD Securities boosted their price objective on shares of Canfor from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. CIBC lowered Canfor from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada lowered their target price on Canfor from C$19.00 to C$16.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd.

Canfor Price Performance

Canfor stock traded up C$0.36 on Thursday, reaching C$14.76. The company's stock had a trading volume of 102,848 shares, compared to its average volume of 162,779. The business's fifty day moving average price is C$13.79 and its 200 day moving average price is C$14.39. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The company has a market cap of C$1.77 billion, a price-to-earnings ratio of -2.46 and a beta of 2.08. Canfor has a twelve month low of C$12.60 and a twelve month high of C$18.38.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.