Canfor Co. (CFP) Director Purchases C$100,009.35 in Stock

Canfor Co. (TSE:CFP) Director John Russell Baird purchased 5,985 shares of Canfor stock in a transaction dated Wednesday, December 5th. The stock was acquired at an average price of C$16.71 per share, for a total transaction of C$100,009.35.

Shares of TSE CFP traded down C$0.23 during midday trading on Friday, hitting C$17.41. The company’s stock had a trading volume of 418,462 shares, compared to its average volume of 404,142. The company has a current ratio of 2.61, a quick ratio of 1.40 and a debt-to-equity ratio of 16.07. Canfor Co. has a 12-month low of C$16.25 and a 12-month high of C$34.04.

Canfor (TSE:CFP) last announced its quarterly earnings data on Wednesday, October 24th. The company reported C$1.23 earnings per share (EPS) for the quarter. The firm had revenue of C$1.32 billion during the quarter. Analysts forecast that Canfor Co. will post 1.87000001590136 earnings per share for the current year.

Several brokerages have recently weighed in on CFP. CIBC reduced their price target on Canfor from C$37.00 to C$33.00 in a report on Wednesday, September 19th. BMO Capital Markets reduced their price target on Canfor from C$27.00 to C$22.00 in a report on Friday, October 19th. Raymond James upgraded Canfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from C$32.00 to C$35.00 in a report on Friday, November 16th. Finally, Royal Bank of Canada reduced their price target on Canfor from C$36.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, November 16th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Canfor has an average rating of “Buy” and an average price target of C$30.50.

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Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells remanufactured and finger-jointed lumber, engineered wood products, wood chips, wood pellets, and logs, as well as produces green energy.

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