Canfor Co. (CFP) Price Target Increased to C$27.00 by Analysts at CIBC

Canfor Co. (TSE:CFP) had its price objective upped by CIBC from C$25.00 to C$27.00 in a report published on Thursday.

CFP has been the subject of several other reports. Raymond James Financial, Inc. raised their price objective on shares of Canfor from C$24.00 to C$25.00 and gave the stock a strong-buy rating in a report on Thursday, July 27th. Scotiabank raised their price objective on shares of Canfor from C$24.25 to C$25.25 and gave the stock a sector perform rating in a report on Tuesday. TD Securities raised their price objective on shares of Canfor from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Friday, July 28th. BMO Capital Markets lowered shares of Canfor from an outperform rating to a market perform rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Canfor from C$17.00 to C$18.00 and gave the stock an underperform rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$25.05.

Canfor (CFP) traded down 1.56% on Thursday, reaching $25.20. The company had a trading volume of 437,261 shares. Canfor has a one year low of $13.54 and a one year high of $25.95. The company’s 50 day moving average is $23.68 and its 200-day moving average is $20.84. The firm has a market capitalization of $3.35 billion and a price-to-earnings ratio of 14.17.

Canfor (TSE:CFP) last issued its quarterly earnings data on Wednesday, July 26th. The company reported C$0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.52 by C$0.26. Canfor had a net margin of 7.67% and a return on equity of 20.50%. The business had revenue of C$1.19 billion during the quarter. On average, equities research analysts expect that Canfor will post $1.84 earnings per share for the current fiscal year.

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In other Canfor news, Director William W. Stinson bought 3,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of C$21.34 per share, for a total transaction of C$64,020.00. Also, insider James A. Pattison bought 225,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of C$21.20 per share, with a total value of C$4,770,000.00.

About Canfor

Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.

Analyst Recommendations for Canfor (TSE:CFP)

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