Canfor Co. (TSE:CFP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Canfor Co. (TSE:CFP) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$20.00.

CFP has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, December 20th. CIBC dropped their price target on shares of Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. TD Securities cut their price objective on shares of Canfor from C$20.00 to C$19.00 and set a “buy” rating for the company in a report on Monday, March 10th. Raymond James lowered their target price on shares of Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. Finally, Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a report on Monday, February 3rd.

Canfor Stock Performance

TSE:CFP opened at C$13.36 on Tuesday. The company has a market capitalization of C$1.61 billion, a P/E ratio of -2.22 and a beta of 2.08. The business has a fifty day simple moving average of C$15.02 and a two-hundred day simple moving average of C$15.92. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. Canfor has a 1 year low of C$13.22 and a 1 year high of C$18.38.

About Canfor

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.