Scotiabank Has Pessimistic Outlook of Canfor FY2025 Earnings

Key Points

• Scotiabank has revised its FY2025 earnings per share (EPS) estimate for Canfor from ($0.76) to ($1.29), reflecting a more negative outlook for the company.
• Other analysts have also downgraded Canfor, with reductions in target prices from C$22.00 to C$19.00 and C$19.00 to C$16.00 by different firms.
• Canfor's consensus rating currently stands at "Hold" with a target price of C$17.00, and the stock is currently trading down 3.3% at C$13.05.

Canfor Co. (TSE:CFP - Free Report) - Stock analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Canfor in a research note issued to investors on Tuesday, August 5th. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of ($1.29) for the year, down from their prior estimate of ($0.76). The consensus estimate for Canfor's current full-year earnings is $0.40 per share.

Several other research firms have also issued reports on CFP. Raymond James Financial lowered Canfor from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. TD Securities reduced their price target on Canfor from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Tuesday. CIBC lowered Canfor from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price target on Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Cibc World Mkts lowered Canfor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Canfor presently has an average rating of "Hold" and a consensus price target of C$17.00.

Canfor Trading Up 0.5%

Shares of TSE:CFP traded up C$0.07 during midday trading on Thursday, hitting C$12.85. The company had a trading volume of 132,328 shares, compared to its average volume of 155,393. Canfor has a 12 month low of C$12.60 and a 12 month high of C$18.38. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -2.14 and a beta of 2.08. The firm has a fifty day simple moving average of C$14.03 and a 200 day simple moving average of C$14.21.

Canfor Company Profile

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.