Canfor (TSE:CFP – Free Report) had its target price reduced by TD Securities from C$20.00 to C$19.00 in a report issued on Tuesday morning, BayStreet.CA reports.
Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reduced their price target on shares of Canfor from C$19.00 to C$18.00 in a report on Thursday, July 11th. BMO Capital Markets reduced their price objective on shares of Canfor from C$22.00 to C$20.00 and set a strong-buy rating for the company in a research note on Tuesday. Finally, CIBC dropped their target price on Canfor from C$21.00 to C$17.00 in a research report on Thursday, July 18th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Buy and an average price target of C$19.83.
Read Our Latest Research Report on CFP
Canfor Stock Up 2.4 %
Canfor (TSE:CFP – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported C($1.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.17) by C($1.25). The firm had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative return on equity of 6.09% and a negative net margin of 4.58%. Sell-side analysts predict that Canfor will post 0.4005401 EPS for the current 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.
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