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

Key Points

• Brokerages have given Canfor Co. (TSE:CFP) a consensus rating of "Hold", with one sell, three hold, and three buy recommendations from analysts.
• The average target price for Canfor's stock over the next year is C$17.00, following recent adjustments by analysts like TD Securities and Raymond James Financial.
• As of the latest data, Canfor's stock opened at C$12.86, with a 52-week range between C$12.60 and C$18.38, and a market capitalization of C$1.50 billion.

Canfor Co. (TSE:CFP - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$17.00.

CFP has been the topic of several analyst reports. TD Securities lowered their price target on shares of Canfor from C$18.00 to C$17.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Raymond James Financial cut shares of Canfor from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd.

Canfor Stock Performance

TSE:CFP opened at C$12.86 on Tuesday. 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 stock has a 50-day simple moving average of C$13.47 and a two-hundred day simple moving average of C$13.81. The firm has a market capitalization of C$1.50 billion, a PE ratio of -2.36 and a beta of 2.24. Canfor has a 52-week low of C$12.60 and a 52-week high of C$18.38.

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.

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