Canfor Co. (TSE:CFP) Receives Average Rating of "Hold" from Analysts

Shares of Canfor Co. (TSE:CFP - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$18.33.

CFP has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of 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. CIBC downgraded shares of Canfor from an "outperform" rating to a "neutral" rating and cut their target price for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. TD Securities dropped their price objective on shares of Canfor from C$19.00 to C$17.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Raymond James cut their price target on Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating on the stock in a report on Wednesday. Finally, Scotiabank downgraded shares of Canfor from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd.

Canfor Price Performance

Shares of TSE CFP traded up C$0.31 during midday trading on Friday, reaching C$13.48. 40,071 shares of the stock traded hands, compared to its average volume of 186,178. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. Canfor has a one year low of C$12.60 and a one year high of C$18.38. The company's 50 day moving average is C$14.34 and its 200 day moving average is C$15.45. The stock has a market capitalization of C$1.62 billion, a PE ratio of -2.24 and a beta of 2.08.

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.