TSE:CFP

Canfor - CFP Stock Forecast, Price & News

C$27.23

+0.32 (+1.19%)

(As of 08/8/2022 03:39 PM ET)

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Today's Range: C$26.89
▼
C$27.47
50-Day Range: C$21.64
▼
C$27.30
52-Week Range: C$21.01
▼
C$33.89

Volume: 153,381 shs
Average Volume: 321,806 shs
Market Capitalization: C$3.34 billion

P/E Ratio: 2.35
Dividend Yield: N/A
Price Target: C$42.17

Canfor MarketRank™ Forecast

Analyst Rating: Buy
3.25 Rating Score
Upside/Downside: 55.2% Upside
C$42.17 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.21
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

3.6

Analyst's Opinion

Consensus Rating
Canfor has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$42.17, Canfor has a forecasted upside of 55.2% from its current price of C$27.17.
Amount of Analyst Coverage
Canfor has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CFP.

0.0

Dividend Strength

Dividend Yield
Canfor does not currently pay a dividend.
Dividend Growth
Canfor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFP.

1.0

News and Social Media Coverage

News Sentiment
Canfor has a news sentiment score of -0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.30 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Canfor this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Canfor to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canfor insiders have not sold or bought any company stock.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canfor is 2.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canfor is 2.34, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.18.
Price to Book Value per Share Ratio
Canfor has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canfor (TSE:CFP) Stock

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy. It also produces and sells pulp and paper products, including bleached and unbleached softwood kraft pulp, as well as bleached, colored, and unbleached kraft paper. The company was founded in 1938 and is headquartered in Vancouver, Canada.

Canfor Stock Performance

TSE:CFP traded up C$0.14 on Friday, hitting C$26.91. 114,074 shares of the company traded hands, compared to its average volume of 322,977. The business's 50 day moving average price is C$24.83 and its 200-day moving average price is C$26.06. Canfor has a 52-week low of C$21.01 and a 52-week high of C$33.89. The company has a market capitalization of C$3.30 billion and a price-to-earnings ratio of 2.32. The company has a current ratio of 3.26, a quick ratio of 2.00 and a debt-to-equity ratio of 7.05.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James set a C$55.00 target price on Canfor and gave the company a "strong-buy" rating in a research report on Wednesday, May 4th. CIBC decreased their price target on Canfor from C$38.00 to C$36.00 in a report on Friday, July 8th.

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CFP Stock News Headlines

August 7, 2022 | finance.yahoo.com

Is It Time To Consider Buying Canfor Pulp Products Inc. (TSE:CFX)? - Yahoo Finance

August 4, 2022 | theglobeandmail.com

U.S. cuts softwood tariffs by half for Canadian lumber as trade dispute lingers - The Globe and Mail

August 8, 2022 | Investing Trends (Ad)

A $226B Copper Spending Jackpot

On November 15, 2021, President Biden signed the biggest infrastructure spending bill of all time. A staggering $226 BILLION is earmarked for projects requiring huge amounts of copper. Turns out, copper is a desperately needed mineral to power the green revolution of clean, renewable energy.

July 28, 2022 | finance.yahoo.com

CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2022 - Yahoo Finance

July 28, 2022 | finance.yahoo.com

CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2022

July 28, 2022 | finance.yahoo.com

Canfor to Invest in New Facility in Alabama

July 27, 2022 | americanbankingnews.com

Canfor (CFP) Scheduled to Post Earnings on Friday

July 23, 2022 | americanbankingnews.com

Q2 2022 Earnings Forecast for Canfor Co. Issued By Raymond James (TSE:CFP)

August 8, 2022 | Investing Trends (Ad)

A $226B Copper Spending Jackpot

July 20, 2022 | americanbankingnews.com

Canfor (TSE:CFP) Shares Cross Below Two Hundred Day Moving Average of $26.56

July 19, 2022 | bloomberg.com

West Fraser Pushes Back at Report of CVC-Kronospan Takeover Bid - Bloomberg

July 6, 2022 | businesswire.com

Thailand Pet Food Market Report 2022-2026: Featuring Key Players Charoen Pokphand Foods, Nestle Purina Petcare, Royal Canin & Others - ResearchAndMarkets.com - Business Wire

June 30, 2022 | finance.yahoo.com

Canfor Corporation and Canfor Pulp Products Inc. Announce Second Quarter Results Conference Call

June 23, 2022 | benzinga.com

TD Securities Maintains Buy on Canfor, Lowers Price Target to C$30 - Benzinga - Benzinga

June 22, 2022 | celticswire.usatoday.com

'We're trying to do everything we can for the Celtics,' says Grousbeck - Celtics Wire

June 14, 2022 | businesswire.com

Canto Unveils Media Delivery Cloud to Directly Connect Digital Assets Across E-commerce and Web Platforms - Business Wire

June 8, 2022 | streetinsider.com

Form 6-K BANK OF MONTREAL /CAN/ For: Jun 08 - StreetInsider.com

June 1, 2022 | nasdaq.com

Lumber Prices Drop After Early Pandemic Boom - Nasdaq

May 30, 2022 | wsj.com

Lumber Prices Slump With Rising Interest Rates - The Wall Street Journal

May 26, 2022 | streetinsider.com

Form 6-K BANK OF MONTREAL /CAN/ For: May 26 - StreetInsider.com

May 26, 2022 | finance.yahoo.com

Canfor Provides Update on Operating Schedules for Western Canadian Sawmills

May 25, 2022 | streetinsider.com

Form 6-K BANK OF MONTREAL /CAN/ For: Apr 30 - StreetInsider.com

May 24, 2022 | bloomberg.com

Saudi Arabia Says It's Done All It Can for the Oil Market - Bloomberg

May 15, 2022 | theglobeandmail.com

Infertility is gut-wrenching, but I do what I can for my wife - The Globe and Mail

May 7, 2022 | seekingalpha.com

Canfor Corporation (CFPZF) CEO Don Kayne on Q1 2022 Results - Earnings Call Transcript - Seeking Alpha

May 6, 2022 | benzinga.com

Canfor Announces Voting Results for the Election of Directors - Benzinga - Benzinga

May 6, 2022 | benzinga.com

Canfor Pulp Announces Voting Results for the Election of Directors - Benzinga - Benzinga

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30 days | 90 days | 365 days | Advanced Chart

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CFP Company Calendar

Last Earnings: 7/26/2017
Today: 8/08/2022
Next Earnings (Estimated): 10/25/2022

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Lumber & Wood Production
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:CFP
CUSIP: N/A
CIK: N/A
Web: www.canfor.com
Phone: +1-604-6615241
Fax: N/A
Employees: 7,391
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$42.17
High Stock Price Forecast: C$55.00
Low Stock Price Forecast: C$36.00
Forecasted Upside/Downside: +54.9%
Consensus Rating: Buy
Rating Score (0-4): 3.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 2.35
Forward P/E Ratio: 6.74
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 7.05
Current Ratio: 3.26
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: C$7.63 billion
Price / Sales: 0.44
Cash Flow: C$12.38 per share
Price / Cash Flow: 2.20
Book Value: C$34.42 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: 122,519,000
Free Float: N/A
Market Cap: C$3.34 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Donald B. Kayne (Age 64)
Pres, CEO & Director
Comp: $3.25M
Mr. Patrick A. J. Elliott
CFO & Sr. VP of Sustainability
Mr. David M. Calabrigo (Age 63)
Sr. VP of Corp. Devel. & Legal Affairs and Corp. Sec.
Comp: $1.67M
Mr. Kevin Pankratz
Sr. VP of Sales & Marketing
Mr. Stephen MacKie
Exec. VP of North American Operations
Mr. Daniel Barwin
Director of Corp. Fin.
Ms. Michelle Ward
Sr. Director of Communications and Gov. Relations
Ms. Katy Player
Sr. VP of People
Mr. David Trent
Sr. VP of Supply Chain & Digital
Mr. Måns Johansson
Chief Exec. Officer at Vida Group

Key Competitors

View All Competitors

CFP Stock - Frequently Asked Questions

Should I buy or sell Canfor stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canfor in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Canfor stock.
View analyst ratings for Canfor or view top-rated stocks.
What is Canfor's stock price forecast for 2022?: 4 analysts have issued 1 year target prices for Canfor's stock. Their CFP stock forecasts range from C$36.00 to C$55.00. On average, they expect Canfor's share price to reach C$42.17 in the next twelve months. This suggests a possible upside of 54.9% from the stock's current price.
View analysts' price targets for Canfor or view top-rated stocks among Wall Street analysts.
How has Canfor's stock price performed in 2022?: Canfor's stock was trading at C$32.06 on January 1st, 2022. Since then, CFP stock has decreased by 15.1% and is now trading at C$27.23.
View the best growth stocks for 2022 here.
When is Canfor's next earnings date?: Canfor is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for Canfor.
How were Canfor's earnings last quarter?: Canfor Co. (TSE:CFP) issued its earnings results on Wednesday, July, 26th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.52 by $0.26. The company earned $1.19 billion during the quarter.

What other stocks do shareholders of Canfor own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Canfor investors own include West Fraser Timber Co. Ltd. (WFT.TO) (WFT), Air Canada (AC), Interfor (IFP), Toronto-Dominion Bank (TD), Canadian National Railway (CNR), Dollarama (DOL), Bank of America (BAC), Kinaxis (KXS), Magna International (MG) and TELUS (T).
What is Canfor's stock symbol?: Canfor trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CFP."
How do I buy shares of Canfor?: Shares of CFP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Canfor's stock price today?: One share of CFP stock can currently be purchased for approximately C$27.23.
How much money does Canfor make?: Canfor (TSE:CFP) has a market capitalization of C$3.34 billion and generates C$7.63 billion in revenue each year.
How many employees does Canfor have?: Canfor employs 7,391 workers across the globe.
How can I contact Canfor?: Canfor's mailing address is 100-1700 75th Ave W, VANCOUVER, BC V6P 6G2, Canada. The official website for Canfor is www.canfor.com. The company can be reached via phone at +1-604-6615241.

This page (TSE:CFP) was last updated on 8/8/2022 by MarketBeat.com Staff

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Canfor - CFP Stock Forecast, Price & News

Canfor MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canfor (TSE:CFP) Stock

Canfor Stock Performance

Analyst Ratings Changes

CFP Stock News Headlines

CFP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CFP Stock - Frequently Asked Questions

Should I buy or sell Canfor stock right now?

What is Canfor's stock price forecast for 2022?

How has Canfor's stock price performed in 2022?

When is Canfor's next earnings date?

How were Canfor's earnings last quarter?

What other stocks do shareholders of Canfor own?

What is Canfor's stock symbol?

How do I buy shares of Canfor?

What is Canfor's stock price today?

How much money does Canfor make?

How many employees does Canfor have?

How can I contact Canfor?

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