Canfor Co. (TSE:CFP) Given Average Rating of "Hold" by Brokerages

Key Points

• Canfor Co. has received an average recommendation of "Hold" from seven brokerages, with one sell rating, three hold ratings, and three buy ratings.
• The average 12-month target price for Canfor's stock is C$17.25, reflecting recent adjustments from several analysts.
• Canfor operates in the softwood lumber industry and has a market capitalization of C$1.62 billion with a P/E ratio of -2.24.

Shares of Canfor Co. (TSE:CFP - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are currently covering the stock, MarketBeat.com reports. One investment 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 12-month target price among brokers that have issued a report on the stock in the last year is C$17.00.

A number of equities research analysts have commented on CFP shares. Raymond James Financial downgraded Canfor from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. CIBC downgraded Canfor from an "outperform" rating to a "neutral" rating and reduced their target price for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. TD Securities reduced their target price on Canfor from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank Of Canada reduced their target price on Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Cibc World Mkts downgraded Canfor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd.

Canfor Stock Down 1.5%

TSE:CFP traded down C$0.20 during mid-day trading on Monday, hitting C$12.85. 77,099 shares of the company's stock traded hands, compared to its average volume of 155,246. The company has a fifty day moving average of C$14.04 and a 200 day moving average of C$14.24. Canfor has a twelve month low of C$12.60 and a twelve month high of C$18.38. The company has a market capitalization of C$1.55 billion, a P/E ratio of -2.14 and a beta of 2.08. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19.

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.