Canfor (TSE:CFP – Free Report) had its target price lowered by CIBC from C$23.00 to C$22.00 in a report issued on Thursday, BayStreet.CA reports.
Several other equities analysts also recently weighed in on the stock. Raymond James downgraded shares of Canfor from a strong-buy rating to an outperform rating and dropped their target price for the company from C$25.00 to C$23.00 in a report on Tuesday, February 6th. TD Securities dropped their target price on shares of Canfor from C$25.00 to C$22.00 and set a buy rating for the company in a report on Thursday, March 7th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor presently has a consensus rating of Moderate Buy and an average target price of C$23.20.
Check Out Our Latest Stock Analysis on Canfor
Canfor Stock Down 1.0 %
Canfor (TSE:CFP – Get Free Report) last announced 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 company had revenue of C$1.28 billion during the quarter. Sell-side analysts predict that Canfor will post 0.4005401 EPS 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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