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.