Canfor Co. (TSE:CFP) Given Average Recommendation of “Moderate Buy” by Brokerages

Canfor Co. (TSE:CFP) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$20.33.

Several equities analysts have weighed in on the company. Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd. CIBC lowered their price objective on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Raymond James reduced their target price on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada dropped their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th.

Canfor Stock Performance

Shares of CFP opened at C$14.60 on Friday. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of -2.43 and a beta of 2.08. The company’s fifty day moving average is C$15.11 and its 200-day moving average is C$15.84. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. Canfor has a 12 month low of C$13.53 and a 12 month high of C$18.38.

Canfor Company Profile

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.