Canfor (CFP) PT Lowered to C$18.00
Canfor (TSE:CFP) had its price target dropped by equities researchers at Raymond James from C$22.00 to C$18.00 in a report released on Monday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 35.24% from the stock’s previous close. Raymond James also issued estimates for Canfor’s Q4 2019 earnings at $0.42 EPS and FY2020 earnings at $2.07 EPS.
A number of other analysts also recently issued reports on the stock. CIBC cut their price objective on shares of Canfor from C$23.00 to C$18.00 in a report on Monday, January 14th. Royal Bank of Canada cut their price objective on shares of Canfor from C$29.00 to C$23.00 in a report on Tuesday, January 8th. BMO Capital Markets raised shares of Canfor from a “market perform” rating to an “outperform” rating in a report on Monday, March 11th. Finally, TD Securities cut their price objective on shares of Canfor from C$26.00 to C$22.00 and set a “buy” rating for the company in a report on Monday, February 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$21.33.
TSE CFP opened at C$13.31 on Monday. The company has a quick ratio of 1.02, a current ratio of 2.63 and a debt-to-equity ratio of 17.45. The stock has a market capitalization of $1.66 billion and a price-to-earnings ratio of 4.79. Canfor has a 12-month low of C$12.91 and a 12-month high of C$34.04.
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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