Canfor (TSE:CFP) Price Target Lowered to C$17.00 at CIBC

Canfor (TSE:CFP) had its price target cut by CIBC from C$21.00 to C$17.00 in a report released on Thursday, BayStreet.CA reports.

A number of other research firms have also recently commented on CFP. Royal Bank of Canada cut their price target on shares of Canfor from C$19.00 to C$18.00 in a research note on Thursday, July 11th. BMO Capital Markets lowered their price objective on shares of Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. Finally, TD Securities lowered their price objective on shares of Canfor from C$22.00 to C$20.00 in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$20.33.

Canfor Price Performance

CFP stock opened at C$14.80 on Thursday. The company has a debt-to-equity ratio of 9.76, a current ratio of 2.31 and a quick ratio of 2.14. Canfor has a one year low of C$13.41 and a one year high of C$22.63. The stock has a market cap of C$1.76 billion, a PE ratio of -7.12 and a beta of 2.18. The firm has a 50 day simple moving average of C$14.78 and a two-hundred day simple moving average of C$15.72.

Canfor (TSE:CFP) last released its quarterly earnings results on Wednesday, May 1st. The company reported C($0.44) EPS for the quarter. Canfor had a negative return on equity of 6.09% and a negative net margin of 4.58%. The company had revenue of C$1.38 billion during the quarter. On average, analysts predict that Canfor will post 0.4005401 EPS for the current fiscal year.

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.