Canfor (TSE:CFP) Sets New 12-Month Low - Should You Sell?

Key Points

• Canfor Co. shares reached a new 12-month low of C$12.07 during trading, closing slightly higher at C$12.09.
• Analysts have adjusted their price targets, with TD Securities lowering theirs from C$18.00 to C$17.00 while maintaining a "buy" rating.
• The stock currently holds an average rating of "Hold" with a price target of C$16.50, reflecting mixed analyst sentiment.

Canfor Co. (TSE:CFP - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as C$12.07 and last traded at C$12.09, with a volume of 99367 shares trading hands. The stock had previously closed at C$12.25.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Securities cut their price objective on shares of Canfor from C$18.00 to C$17.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Raymond James Financial cut their price objective on shares of Canfor from C$19.00 to C$17.00 and set an "outperform" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$16.50.

Canfor Trading Down 1.4%

The company has a market cap of C$1.41 billion, a price-to-earnings ratio of -2.21 and a beta of 2.01. The company's fifty day moving average price is C$12.96 and its two-hundred day moving average price is C$13.48. 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 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.

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