Canfor (TSE:CFP) Hits New 12-Month Low at $21.74

Canfor Co. (TSE:CFPGet Rating) shares hit a new 52-week low on Thursday . The stock traded as low as C$21.74 and last traded at C$21.78, with a volume of 231594 shares. The stock had previously closed at C$22.75.

CFP has been the topic of several research reports. CIBC lowered their price target on shares of Canfor from C$44.00 to C$36.00 in a research report on Thursday, April 21st. Royal Bank of Canada lowered their price target on shares of Canfor from C$45.00 to C$40.00 in a research report on Thursday, April 7th. TD Securities lowered their price target on shares of Canfor from C$41.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Finally, Raymond James set a C$55.00 price target on shares of Canfor and gave the company a “strong-buy” rating in a research report on Wednesday, May 4th.

The stock’s 50-day moving average is C$24.72 and its 200-day moving average is C$27.39. The stock has a market cap of C$2.72 billion and a price-to-earnings ratio of 1.96. The company has a debt-to-equity ratio of 7.45, a current ratio of 2.81 and a quick ratio of 1.50.

Canfor (TSE:CFPGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported C$4.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$4.25. The firm had revenue of C$2.21 billion for the quarter. Analysts predict that Canfor Co. will post 4.325457 EPS for the current fiscal year.

Canfor Company Profile (TSE:CFP)

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.

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