Canfor Co. (TSE:CFP) Receives Average Rating of “Buy” from Brokerages

Canfor Co. (TSE:CFP) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$19.83.

Several analysts have issued reports on the company. CIBC upped their price objective on Canfor from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada increased their price objective on shares of Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Scotiabank reduced their target price on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. TD Securities lowered their price target on shares of Canfor from C$20.00 to C$19.00 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reduced their price objective on Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd.

Canfor Stock Performance

The company has a market capitalization of C$2.06 billion, a PE ratio of -5.16 and a beta of 2.08. Canfor has a 52 week low of C$13.41 and a 52 week high of C$19.30. The firm has a fifty day moving average price of C$15.46 and a two-hundred day moving average price of C$15.19. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97.

Canfor (TSE:CFP) last announced its quarterly earnings data on Thursday, July 25th. The company reported C($1.42) EPS for the quarter, missing analysts’ consensus estimates of C($0.17) by C($1.25). The firm had revenue of C$1.38 billion during the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%. On average, equities analysts predict that Canfor will post 0.4005401 earnings per share for the current fiscal year.

About Canfor

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.