Scotiabank Issues Pessimistic Outlook for Canfor Earnings

Key Points

• Scotiabank cut FY2027 EPS for Canfor to $0.42 (from $0.53) and kept a "Hold" rating with a C$16.00 target; the consensus full-year estimate is $0.40 per share.
• Canfor shares trade near C$13.62 (50‑day MA C$13.96) with a C$1.59 billion market cap and a negative PE; the company reported C($3.33) EPS last quarter and showed negative net margin (-14.92%) and ROE (-27.04%).
• Analyst views diverge: Raymond James upgraded to "strong-buy" and raised its target to C$17.00 while RBC cut its target to C$15.00, leaving a MarketBeat average rating of "Moderate Buy" and an average target of C$16.20.

Canfor Co. (TSE:CFP - Free Report) - Analysts at Scotiabank decreased their FY2027 EPS estimates for Canfor in a research note issued to investors on Monday, March 9th. Scotiabank analyst B. Isaacson now anticipates that the company will earn $0.42 per share for the year, down from their previous forecast of $0.53. Scotiabank currently has a "Hold" rating and a $16.00 target price on the stock. The consensus estimate for Canfor's current full-year earnings is $0.40 per share.

Several other equities research analysts also recently weighed in on CFP. Raymond James Financial raised Canfor from a "moderate buy" rating to a "strong-buy" rating and upped their target price for the stock from C$15.00 to C$17.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada reduced their price target on Canfor from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$16.20.

Canfor Trading Down 2.1%

TSE:CFP opened at C$13.62 on Wednesday. The business's 50-day moving average is C$13.96 and its two-hundred day moving average is C$12.87. The firm has a market capitalization of C$1.59 billion, a PE ratio of -3.42 and a beta of 1.54. Canfor has a 12 month low of C$10.86 and a 12 month high of C$16.22. The company has a debt-to-equity ratio of 37.16, a current ratio of 1.45 and a quick ratio of 2.14.

Canfor (TSE:CFP - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported C($3.33) earnings per share for the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%. The business had revenue of C$1.28 billion for the quarter.

Canfor Company Profile

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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