Canfor (TSE:CFP) Stock Gets Price Target Trim from TD

Canfor (TSE:CFP) had its price target cut by TD from C$20.00 to C$18.00 in a report issued on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

Separately, Raymond James Financial upgraded shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the company 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$17.50.

Canfor Trading Down 1.5%

TSE:CFP opened at C$14.06 on Wednesday. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of -2.52 and a beta of 1.05. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. Canfor has a 1 year low of C$10.86 and a 1 year high of C$16.59. The business has a fifty day moving average of C$14.97 and a 200-day moving average of C$13.99.

Canfor (TSE:CFP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The company had revenue of C$1.53 billion for the quarter. Equities analysts predict that Canfor will post 0.40 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Stephen Roche Mackie sold 4,052 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the sale, the insider owned 5,410 shares of the company’s stock, valued at C$86,560. The trade was a 42.82% decrease in their ownership of the stock. Also, Director Cheryl Anne-Marie Yaremko bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost of C$14.01 per share, for a total transaction of C$140,100.00. Following the acquisition, the director owned 10,000 shares of the company’s stock, valued at C$140,100. This represents a ? increase in their ownership of the stock. 53.92% of the stock is owned by company insiders.

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.