Canfor Co. (TSE:CFP - Free Report) - Raymond James dropped their FY2026 earnings per share estimates for shares of Canfor in a note issued to investors on Thursday, May 8th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $1.00 per share for the year, down from their previous estimate of $1.08. Raymond James has a "Strong-Buy" rating and a $22.00 price target on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share.
A number of other brokerages have also issued reports on CFP. Royal Bank of Canada reduced their target price on Canfor from C$19.00 to C$16.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. TD Securities upped their price objective on shares of Canfor from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research report on Monday. Cibc World Mkts lowered shares of Canfor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 22nd. CIBC cut Canfor from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from C$19.00 to C$16.00 in a report on Tuesday, April 22nd. Finally, Scotiabank lowered Canfor from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$18.50.
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Canfor Stock Up 1.3%
Shares of CFP stock traded up C$0.18 during mid-day trading on Monday, hitting C$13.80. The stock had a trading volume of 85,498 shares, compared to its average volume of 180,344. The firm has a market capitalization of C$1.66 billion, a P/E ratio of -2.30 and a beta of 2.08. The firm's 50-day moving average is C$14.05 and its two-hundred day moving average is C$15.20. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. Canfor has a 12-month low of C$12.60 and a 12-month high of C$18.38.
Canfor Company Profile
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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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