Canfor (TSE:CFP) Price Target Lowered to C$20.00 at BMO Capital Markets

Canfor (TSE:CFP) had its price objective cut by BMO Capital Markets from C$22.00 to C$20.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have a strong-buy rating on the stock.

CFP has been the topic of a number of other reports. Royal Bank of Canada cut their price objective on shares of Canfor from C$19.00 to C$18.00 in a report on Thursday, July 11th. TD Securities cut their price objective on shares of Canfor from C$22.00 to C$20.00 in a report on Thursday, May 2nd. Finally, CIBC cut their price objective on shares of Canfor from C$21.00 to C$17.00 in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canfor has an average rating of Buy and a consensus target price of C$19.83.

Canfor Stock Performance

Shares of CFP stock opened at C$15.16 on Tuesday. The firm has a market capitalization of C$1.80 billion, a PE ratio of -7.29 and a beta of 2.18. The firm has a fifty day simple moving average of C$14.75 and a two-hundred day simple moving average of C$15.66. The company has a current ratio of 2.31, a quick ratio of 2.14 and a debt-to-equity ratio of 9.76. Canfor has a 12 month low of C$13.41 and a 12 month high of C$22.63.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C($0.44) EPS for the quarter. The business had revenue of C$1.38 billion for the quarter. Canfor had a negative net margin of 4.58% and a negative return on equity of 6.09%. Analysts forecast 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.