Canfor (TSE:CFP) Director Acquires C$140,100.00 in Stock

Canfor Co. (TSE:CFP) Director Cheryl Anne-Marie Yaremko purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of C$14.01 per share, with a total value of C$140,100.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately C$140,100. This represents a ? increase in their ownership of the stock.

Canfor Stock Down 2.2%

Shares of Canfor stock traded down C$0.32 during trading hours on Tuesday, reaching C$14.06. 289,960 shares of the company were exchanged, compared to its average volume of 213,028. Canfor Co. has a 1 year low of C$10.86 and a 1 year high of C$16.59. The stock’s fifty day moving average is C$15.06 and its 200 day moving average is C$13.98. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. The firm has a market cap of C$1.65 billion, a PE ratio of -2.52 and a beta of 1.05.

Canfor (TSE:CFP) last announced 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 during 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 0.40 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CFP. TD raised their price objective on shares of Canfor from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, July 31st. Raymond James Financial raised shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the stock from C$17.00 to C$21.00 in a research report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Canfor has an average rating of “Moderate Buy” and an average price target of C$18.00.

About Canfor

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.