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

Key Points

• Canfor Co. has received a consensus rating of "Hold" from seven analysts, with one sell recommendation, three holds, and three buys.
• The average target price for Canfor's shares is currently set at C$17.00, with Raymond James Financial recently lowering its target from C$22.00 to C$19.00.
• As of Friday, Canfor's shares opened at C$13.16, reflecting a 1.5% increase from previous trading sessions.

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

Several analysts recently weighed in on the company. TD Securities decreased their price objective on Canfor from C$18.00 to C$17.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Raymond James Financial downgraded Canfor from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from C$22.00 to C$19.00 in a report on Tuesday, July 22nd.

Canfor Trading Down 1.1%

Shares of TSE:CFP traded down C$0.14 on Friday, hitting C$13.02. 112,883 shares of the company's stock were exchanged, compared to its average volume of 155,921. Canfor has a 12 month low of C$12.60 and a 12 month high of C$18.38. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -2.38 and a beta of 2.30. The business's 50 day simple moving average is C$13.80 and its two-hundred day simple moving average is C$13.99. 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 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.