Canfor (TSE:CFP – Get Free Report) had its target price dropped by equities researchers at Royal Bank of Canada from C$22.00 to C$19.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 31.94% from the company’s current price.
Several other research analysts have also recently commented on the company. TD Securities lowered their target price on Canfor from C$25.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. CIBC cut their target price on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. Scotiabank set a C$22.00 target price on shares of Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. Raymond James downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. Finally, BMO Capital Markets cut their target price on Canfor from C$24.00 to C$22.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$21.67.
Read Our Latest Stock Report on Canfor
Canfor Trading Up 0.6 %
Canfor (TSE:CFP – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$1.28 billion during the quarter. Analysts expect that Canfor will post 0.4005401 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Canfor
- When to Sell a Stock for Profit or Loss
- Comprehensive Analysis of PayPal Stock
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- Options Trading – Understanding Strike Price
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.