Canfor (TSE:CFP) Insider Stephen Roche Mackie Sells 4,052 Shares of Stock

Canfor Co. (TSE:CFP) insider Stephen Roche Mackie sold 4,052 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the sale, the insider directly owned 5,410 shares in the company, valued at C$86,560. The trade was a 42.82% decrease in their position.

Stephen Roche Mackie also recently made the following trade(s):

• On Wednesday, August 5th, Stephen Roche Mackie purchased 103 shares of Canfor stock. The stock was bought at an average cost of C$16.00 per share, with a total value of C$1,648.00.

Canfor Price Performance

Canfor stock opened at C$15.26 on Friday. The firm has a market capitalization of C$1.79 billion, a P/E ratio of -2.73 and a beta of 1.41. Canfor Co. has a one year low of C$10.86 and a one year high of C$16.08. The company has a debt-to-equity ratio of 41.78, a current ratio of 1.35 and a quick ratio of 2.14. The business has a fifty day moving average price of C$14.14 and a 200-day moving average price of C$13.70.

Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share (EPS) for the quarter. The company had revenue of C$1.53 billion for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. As a group, equities research analysts forecast that Canfor Co. will post 0.4005401 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CFP shares. TD increased their price target on shares of Canfor from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Raymond James Financial cut shares of Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 price objective for the company. in a research note on Friday, April 24th. Finally, Royal Bank Of Canada cut shares of Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price objective for the company. in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Canfor currently has an average rating of “Moderate Buy” and a consensus price target of C$17.00.

Canfor Company Profile

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.