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

Shares of Canfor Co. (TSE:CFP - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$18.50.

Several brokerages have recently issued reports on CFP. Royal Bank of Canada cut their price target on Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Cibc World Mkts lowered Canfor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. CIBC downgraded shares of Canfor from an "outperform" rating to a "neutral" rating and cut their price target for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. Raymond James cut their price target on shares of Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 30th. Finally, TD Securities increased their price target on shares of Canfor from C$17.00 to C$18.00 and gave the company a "buy" rating in a research report on Monday, May 12th.

Canfor Trading Up 0.3%

Shares of CFP traded up C$0.04 during trading hours on Friday, hitting C$13.84. 81,577 shares of the stock traded hands, compared to its average volume of 174,141. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. Canfor has a 1-year low of C$12.60 and a 1-year high of C$18.38. The firm has a market capitalization of C$1.66 billion, a PE ratio of -2.30 and a beta of 2.08. The business has a fifty day moving average of C$13.39 and a 200-day moving average of C$14.65.

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.