Canfor (TSE:CFP) PT Lowered to C$22.00

Canfor (TSE:CFP) had its price target lowered by equities researchers at BMO Capital Markets from C$24.00 to C$22.00 in a report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 53.74% from the company’s current price.

Other research analysts have also issued reports about the company. TD Securities lowered their price target on Canfor from C$25.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Scotiabank set a C$22.00 target price on Canfor and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Raymond James lowered Canfor from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from C$25.00 to C$23.00 in a report on Tuesday, February 6th. Finally, CIBC lowered their target price on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.00.

Canfor Price Performance

Shares of CFP opened at C$14.31 on Wednesday. The firm has a market capitalization of C$1.70 billion, a price-to-earnings ratio of -5.28 and a beta of 2.16. The company has a debt-to-equity ratio of 9.34, a quick ratio of 2.14 and a current ratio of 2.49. Canfor has a one year low of C$13.41 and a one year high of C$23.99. The stock’s fifty day moving average is C$16.26 and its 200-day moving average is C$16.35.

Canfor (TSE:CFP) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.94) by C($0.12). The business had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. Equities analysts anticipate that Canfor will post 0.4005401 EPS for the current 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.