Raymond James Financial Forecasts Canfor FY2027 Earnings

Key Points

• Raymond James Financial projects Canfor will report earnings per share of $0.03 for FY2027, with a price target set at $17.00 and an "Outperform" rating on the stock.
• TD Securities has reduced its price objective for Canfor from C$18.00 to C$17.00, maintaining a "buy" rating, while the consensus rating for the stock is currently "Hold".
• Canfor's stock opened at C$12.25 and has experienced a price range between C$12.09 and C$18.38 over the past year, with a current market cap of C$1.43 billion.

Canfor Co. (TSE:CFP - Free Report) - Research analysts at Raymond James Financial issued their FY2027 EPS estimates for shares of Canfor in a research report issued on Wednesday, October 15th. Raymond James Financial analyst D. Swetlishoff expects that the company will post earnings per share of $0.03 for the year. Raymond James Financial has a "Outperform" rating and a $17.00 price target on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share.

Separately, TD Securities decreased 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 note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Canfor presently has a consensus rating of "Hold" and a consensus target price of C$16.50.

Canfor Price Performance

Shares of TSE CFP opened at C$12.25 on Friday. Canfor has a fifty-two week low of C$12.09 and a fifty-two week high of C$18.38. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of -2.24 and a beta of 2.01. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The firm's 50-day simple moving average is C$12.96 and its 200 day simple moving average is C$13.48.

About Canfor

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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