Canfor (TSE:CFP – Free Report) had its price target cut by TD Securities from C$22.00 to C$20.00 in a research report released on Thursday, BayStreet.CA reports.
CFP has been the subject of a number of other reports. CIBC reduced their price target on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. Royal Bank of Canada cut their target price on shares of Canfor from C$22.00 to C$19.00 and set an outperform rating for the company in a research report on Friday, April 19th. BMO Capital Markets lowered their price target on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. Raymond James lowered Canfor from a strong-buy rating to an outperform rating and cut their price objective for the stock from C$25.00 to C$23.00 in a report on Tuesday, February 6th. Finally, Scotiabank set a C$22.00 price objective on Canfor and gave the company a sector perform rating in a research report on Monday, January 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canfor currently has an average rating of Moderate Buy and a consensus target price of C$21.17.
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Canfor Stock Down 0.9 %
Canfor (TSE:CFP – Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. The business had revenue of C$1.28 billion for the quarter. Equities analysts anticipate that Canfor will post 0.4005401 earnings per share 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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