Canfor Co. (TSE:CFP) Receives C$18.50 Consensus PT from Analysts

Canfor Co. (TSE:CFP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$18.50.

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

Canfor Price Performance

Canfor stock traded down C$0.05 during midday trading on Thursday, hitting C$14.71. 35,529 shares of the company's stock were exchanged, compared to its average volume of 161,798. The stock has a 50-day moving average price of C$13.79 and a two-hundred day moving average price of C$14.39. Canfor has a 52-week low of C$12.60 and a 52-week high of C$18.38. 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 P/E ratio of -2.45 and a beta of 2.08.

About Canfor

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.