Canfor (TSE:CFP) Insider Sells 4,052 Shares of Stock

Key Points

• Insider Stephen Roche Mackie sold 4,052 Canfor shares at C$16.00 each for C$64,832, reducing his direct holdings by 42.82% to 5,410 shares. He had bought 103 shares just days earlier at the same price.
• Canfor’s shares recently traded at C$15.28, while the company reported a quarterly loss of C$0.16 per share on C$1.53 billion in revenue. Profitability remained weak, with a negative net margin of 12.04% and negative return on equity of 25.37%.
• Analyst sentiment is mixed but leans positive: Canfor has a consensus rating of “Moderate Buy” and a C$17.00 average price target, despite some downgrades to “Hold” and “Outperform.”

Canfor Co. (TSE:CFP - Get Free Report) insider Stephen Roche Mackie sold 4,052 shares of Canfor stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the completion of the transaction, the insider directly owned 5,410 shares in the company, valued at C$86,560. This represents a 42.82% decrease in their position.

Stephen Roche Mackie also recently made the following trade(s):

• On Wednesday, August 5th, Stephen Roche Mackie bought 103 shares of Canfor stock. The stock was acquired at an average price of C$16.00 per share, for a total transaction of C$1,648.00.

Canfor Price Performance

TSE:CFP traded down C$0.10 during trading hours on Thursday, reaching C$15.28. 93,277 shares of the company's stock were exchanged, compared to its average volume of 200,189. The company has a market capitalization of C$1.79 billion, a P/E ratio of -2.74 and a beta of 1.41. Canfor Co. has a 12 month low of C$10.86 and a 12 month high of C$16.08. The company has a quick ratio of 2.14, a current ratio of 1.35 and a debt-to-equity ratio of 41.78. The business's 50-day simple moving average is C$14.12 and its two-hundred day simple moving average is C$13.70.

Canfor (TSE:CFP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share (EPS) for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The company had revenue of C$1.53 billion during the quarter. Sell-side analysts expect that Canfor Co. will post 0.4005401 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CFP has been the topic of several recent analyst reports. Royal Bank Of Canada lowered Canfor from a "moderate buy" rating to a "hold" rating and set a C$15.00 price target on the stock. in a research report on Thursday, April 16th. TD lifted their target price on Canfor from C$18.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Raymond James Financial lowered shares of Canfor from a "strong-buy" rating to an "outperform" rating and set a C$17.00 price objective on the stock. in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Canfor has a consensus rating of "Moderate Buy" and a consensus price target of C$17.00.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.

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