Canfor (TSE:CFP) Price Target Cut to C$22.00 by Analysts at BMO Capital Markets

Canfor (TSE:CFP - Get Free Report) had its price target lowered by equities researchers at BMO Capital Markets from C$24.00 to C$22.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 51.41% from the company's current price.

CFP has been the topic of several other research reports. Scotiabank set a C$22.00 price target on Canfor and gave the stock a "sector perform" rating in a research report on Monday, January 22nd. TD Securities cut their price target on Canfor from C$25.00 to C$22.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Raymond James downgraded Canfor from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from C$25.00 to C$23.00 in a research note on Tuesday, February 6th. Finally, CIBC lowered their target price on Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. One investment 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, Canfor currently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.00.

Canfor Trading Down 3.0 %

Shares of CFP stock traded down C$0.45 on Wednesday, hitting C$14.53. The stock had a trading volume of 199,278 shares, compared to its average volume of 185,081. The company's 50 day moving average price is C$16.28 and its 200-day moving average price is C$16.36. 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 1 year low of C$13.41 and a 1 year high of C$23.99. The firm has a market capitalization of C$1.73 billion, a P/E ratio of -5.36 and a beta of 2.16.

Canfor (TSE:CFP - Get Free Report) last issued its earnings results 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). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The business had revenue of C$1.28 billion for the quarter. Analysts anticipate that Canfor will post 0.4005401 earnings per share for the current year.

About Canfor

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.