TD Securities Lowers Canfor (TSE:CFP) to Hold

TD Securities lowered shares of Canfor (TSE:CFP) from a buy rating to a hold rating in a report issued on Tuesday morning, BayStreet.CA reports. They currently have C$16.00 target price on the stock, up from their previous target price of C$12.50.

Several other analysts have also commented on CFP. Raymond James set a C$18.00 price target on shares of Canfor and gave the company an outperform rating in a research report on Monday, August 12th. Royal Bank of Canada reduced their price target on shares of Canfor from C$20.00 to C$17.00 in a research report on Tuesday, July 9th. Finally, CIBC raised shares of Canfor from a neutral rating to an outperform rating and lifted their price target for the company from C$11.00 to C$14.00 in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Canfor currently has a consensus rating of Buy and a consensus target price of C$17.00.

CFP stock opened at C$15.30 on Tuesday. The firm has a market cap of $1.91 billion and a PE ratio of -29.59. The company has a debt-to-equity ratio of 47.73, a quick ratio of 0.49 and a current ratio of 1.50. The firm’s 50 day moving average price is C$10.69 and its 200-day moving average price is C$12.49. Canfor has a one year low of C$8.55 and a one year high of C$32.32.

About Canfor

Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.

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Analyst Recommendations for Canfor (TSE:CFP)

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