CIBC Trims Canfor (TSE:CFP) Target Price to C$22.00

Canfor (TSE:CFP - Free Report) had its target price decreased by CIBC from C$23.00 to C$22.00 in a research note published on Thursday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on the company. Scotiabank set a C$22.00 price target on Canfor and gave the company a sector perform rating in a report on Monday, January 22nd. TD Securities lowered their price target on Canfor from C$25.00 to C$22.00 and set a buy rating on the stock in a report on Thursday, March 7th. Finally, Raymond James downgraded Canfor from a strong-buy rating to an outperform rating and lowered their price target for the company from C$25.00 to C$23.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$23.20.

Canfor Stock Down 1.0 %

CFP traded down C$0.16 during midday trading on Thursday, hitting C$15.58. 175,277 shares of the company's stock traded hands, compared to its average volume of 184,001. The company has a market cap of C$1.85 billion, a PE ratio of -5.75 and a beta of 2.16. The stock's fifty day simple moving average is C$16.35 and its 200-day simple moving average is C$16.43. The company has a debt-to-equity ratio of 9.34, a current ratio of 2.49 and a quick ratio of 2.14. Canfor has a one year low of C$13.41 and a one year high of C$23.99.

Canfor (TSE:CFP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The business had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. As a group, equities analysts anticipate that Canfor will post 0.4005401 earnings per share for the current fiscal year.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.