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

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 assigned an average recommendation of "Hold" from the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.00.

Several analysts have weighed in on CFP shares. TD Securities lowered their target price on shares of Canfor from C$18.00 to C$17.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Raymond James Financial lowered 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

CFP stock traded up C$0.27 during trading on Friday, hitting C$13.17. 174,248 shares of the company's stock traded hands, compared to its average volume of 155,732. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. Canfor has a 52 week low of C$12.60 and a 52 week high of C$18.38. The stock has a fifty day moving average price of C$13.72 and a two-hundred day moving average price of C$13.96. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -2.41 and a beta of 2.30.

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.