Raymond James Comments on Canfor Co.’s Q4 2019 Earnings (CFP)
Canfor Co. (TSE:CFP) – Stock analysts at Raymond James reduced their Q4 2019 earnings per share estimates for shares of Canfor in a report issued on Monday, April 22nd. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.47. Raymond James also issued estimates for Canfor’s FY2020 earnings at $2.07 EPS.
A number of other equities analysts also recently commented on the company. TD Securities decreased their price target on Canfor from C$22.00 to C$20.00 in a research note on Wednesday, April 17th. Royal Bank of Canada decreased their price target on Canfor from C$21.00 to C$20.00 in a research note on Friday, April 5th. BMO Capital Markets upgraded Canfor from a “market perform” rating to an “outperform” rating in a research note on Monday, March 11th. Finally, CIBC decreased their price target on Canfor from C$23.00 to C$18.00 in a research note on Monday, January 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given 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.
Canfor (TSE:CFP) last posted its quarterly earnings results on Thursday, February 21st. The company reported C($0.23) EPS for the quarter. The company had revenue of C$1.03 billion during the quarter.
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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