Canfor Co. (TSE:CFP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.70 and traded as high as C$14.82. Canfor shares last traded at C$14.66, with a volume of 112,049 shares changing hands.
Analysts Set New Price Targets
Separately, TD raised their target price on Canfor from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$17.00.
View Our Latest Research Report on Canfor
Canfor Stock Down 0.3%
The firm has a market capitalization of C$1.72 billion, a P/E ratio of -2.63 and a beta of 1.41. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. The stock has a 50 day moving average of C$14.34 and a 200-day moving average of C$13.70.
Canfor (TSE:CFP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. The business had revenue of C$1.53 billion for the quarter. Canfor had a negative return on equity of 25.37% and a negative net margin of 12.04%. Research analysts predict that Canfor Co. will post 0.4005401 earnings per share for the current fiscal year.
Insider Activity at Canfor
In related news, insider Stephen Roche Mackie sold 4,052 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the sale, the insider directly owned 5,410 shares in the company, valued at approximately C$86,560. This represents a 42.82% decrease in their position. Insiders own 53.92% of the company's stock.
Canfor Company Profile
(
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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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