Raymond James Financial Lowers Earnings Estimates for Canfor

Canfor Co. (TSE:CFP - Free Report) - Stock analysts at Raymond James Financial reduced their FY2025 earnings estimates for Canfor in a research report issued on Monday, July 21st. Raymond James Financial analyst D. Swetlishoff now forecasts that the company will post earnings per share of ($1.80) for the year, down from their previous forecast of ($0.45). Raymond James Financial has a "Outperform" rating and a $19.00 price objective on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share. Raymond James Financial also issued estimates for Canfor's FY2026 earnings at ($0.05) EPS.

A number of other research firms also recently commented on CFP. TD Securities lifted their target price 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, May 12th. Royal Bank Of Canada decreased their price target on shares of Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Cibc World Mkts cut shares of Canfor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, CIBC cut shares of Canfor from an "outperform" rating to a "neutral" rating and decreased their target price for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$17.60.

Canfor Stock Performance

TSE:CFP traded up C$0.17 during trading hours on Thursday, reaching C$14.22. The company had a trading volume of 100,921 shares, compared to its average volume of 157,833. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. Canfor has a 52 week low of C$12.60 and a 52 week high of C$18.38. The firm has a market cap of C$1.71 billion, a price-to-earnings ratio of -2.37 and a beta of 2.08. The firm's 50 day moving average price is C$13.99 and its 200-day moving average price is C$14.33.

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.