Canfor Co. (TSE:CFP - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as C$12.73 and last traded at C$12.74, with a volume of 91052 shares traded. The stock had previously closed at C$12.86.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CFP. TD Securities dropped their price objective on Canfor from C$19.00 to C$17.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Raymond James reduced their price target on shares of Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. Scotiabank cut shares of Canfor from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd. Cibc World Mkts cut Canfor from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, Royal Bank of Canada cut their target price on shares of Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$18.67.
Read Our Latest Analysis on Canfor
Canfor Stock Performance
The stock has a fifty day simple moving average of C$14.44 and a two-hundred day simple moving average of C$15.54. 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 market capitalization of C$1.57 billion, a price-to-earnings ratio of -2.17 and a beta of 2.08.
Canfor Company Profile
(
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Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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