Raymond James Financial Lifts Earnings Estimates for Canfor

Key Points

• Raymond James Financial has significantly raised its FY2026 earnings estimate for Canfor from a loss of ($0.05) to a profit of $0.13 per share.
• Despite the positive revision from Raymond James, CIBC downgraded Canfor from "outperform" to "neutral" and reduced its price target from C$19.00 to C$16.00.
• Canfor's current stock rating averages as "Hold," with a consensus price target of C$17.60, while its trading value has decreased by 2.0%.

Canfor Co. (TSE:CFP - Free Report) - Equities researchers at Raymond James Financial increased their FY2026 earnings estimates for Canfor in a research report issued to clients and investors on Wednesday, July 23rd. Raymond James Financial analyst D. Swetlishoff now expects that the company will post earnings per share of $0.13 for the year, up from their previous estimate of ($0.05). Raymond James Financial currently has a "Outperform" rating and a $19.00 target price on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share.

Other equities research analysts have also issued reports about the company. CIBC lowered Canfor from an "outperform" rating to a "neutral" rating and dropped their price target for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. Cibc World Mkts cut shares of Canfor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 22nd. TD Securities lifted their price target on shares of Canfor from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada lowered their price objective on shares of Canfor from C$19.00 to C$16.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Canfor has an average rating of "Hold" and a consensus price target of C$17.60.

Canfor Trading Down 2.0%

TSE:CFP opened at C$14.05 on Friday. The company has a market cap of C$1.69 billion, a PE ratio of -2.34 and a beta of 2.08. The business's 50 day moving average is C$13.98 and its two-hundred day moving average is C$14.34. The company has a quick ratio of 2.14, a current ratio of 2.19 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.

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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