Canfor Co. (TSE:CFP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.71 and traded as high as C$15.15. Canfor shares last traded at C$14.80, with a volume of 149,808 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CFP. Raymond James Financial cut Canfor from a "strong-buy" rating to an "outperform" rating and set a C$17.00 price objective on the stock. in a report on Friday, April 24th. TD raised their target price on shares of Canfor from C$18.00 to C$20.00 and gave the company a "buy" rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Canfor has an average rating of "Moderate Buy" and a consensus price target of C$17.00.
Read Our Latest Analysis on CFP
Canfor Price Performance
The firm's 50-day moving average price is C$14.28 and its 200-day moving average price is C$13.71. The company has a current ratio of 1.35, a quick ratio of 2.14 and a debt-to-equity ratio of 41.78. The stock has a market capitalization of C$1.74 billion, a PE ratio of -2.65 and a beta of 1.41.
Canfor (TSE:CFP - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.16) EPS for the quarter. Canfor had a negative return on equity of 25.37% and a negative net margin of 12.04%.The company had revenue of C$1.53 billion during the quarter. On average, equities analysts forecast that Canfor Co. will post 0.4005401 EPS for the current fiscal year.
Insider Activity
In other news, insider Stephen Roche Mackie sold 4,052 shares of the firm's 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 value of C$64,832.00. Following the completion of the sale, the insider directly owned 5,410 shares of the company's stock, valued at C$86,560. This trade represents a 42.82% decrease in their position. 53.92% of the stock is owned by insiders.
Canfor Company Profile
(
Get Free Report)
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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