TSE:CFPCanfor Stock Price, Forecast & News

Canfor's stock was trading at C$8.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CFP stock has increased by 41.3% and is now trading at C$12.22. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canfor in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Canfor.

Canfor is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Canfor.

Canfor Co. (TSE:CFP) released its earnings results on Wednesday, April, 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.29) by $0.08. The company had revenue of $1.17 billion for the quarter. View Canfor's earnings history.

4 analysts have issued twelve-month price objectives for Canfor's stock. Their forecasts range from C$12.00 to C$18.00. On average, they expect Canfor's share price to reach C$14.00 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View analysts' price targets for Canfor.

Media coverage about CFP stock has trended somewhat negative recently, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canfor earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Canfor.

Some companies that are related to Canfor include Acadian Timber (ADN), Pinnacle Renewable (PL), Kangaroo Island Plantation Timbers (KPT), Midway (MWY), Big River Industries (BRI), Embelton (EMB), Canfor (CFPZF), Chemtrade Logistics Income Fund (ACAZF), EVITRADE Health Systems (EVA), Papyrus Australia (PPY), Pinnacle Renewable Energy (PINWF), Rubicon (RUBNF), Sonae Industria SGPS (SONI), Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) and West Fraser Timber (WFTBF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canfor investors own include West Fraser Timber (WFT), Interfor (IFP), Air Canada (AC), Bank of America (BAC), Magna International (MG), Suncor Energy (SU), Toronto-Dominion Bank (TD), Encana (ECA), Intelsat (I) and National Bank of Canada (NA).

Canfor trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CFP."

Shares of CFP and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

One share of CFP stock can currently be purchased for approximately C$12.22.

Canfor has a market capitalization of C$1.53 billion and generates C$4.68 billion in revenue each year. Canfor employs 6,240 workers across the globe.

The official website for Canfor is www.canfor.com.

Canfor's mailing address is 100-1700 75th Ave W, VANCOUVER, BC V6P 6G2, Canada. The company can be reached via phone at +1-604-6615241.