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TSE:CFP

Canfor - CFP Stock Forecast, Price & News

C$27.23
+0.32 (+1.19%)
(As of 08/8/2022 03:39 PM ET)
Add
Compare
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
-0.21mentions of Canfor in the last 14 days
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

CFP stock logo

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

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.
CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2022
Canfor to Invest in New Facility in Alabama
Canfor (CFP) Scheduled to Post Earnings on Friday
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.
See More Headlines
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CFP Company Calendar

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

Industry, Sector and Symbol

Industry
Lumber & Wood Production
Sub-Industry
N/A
CIK
N/A
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

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.63 billion
Cash Flow
C$12.38 per share
Book Value
C$34.42 per share

Miscellaneous

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













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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