Scotiabank Has Positive Forecast for Canfor FY2026 Earnings

Canfor Co. (TSE:CFP) – Stock analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Canfor in a research note issued on Thursday, November 5th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($1.22) for the year, up from their prior forecast of ($1.28). The consensus estimate for Canfor’s current full-year earnings is $0.40 per share. Scotiabank also issued estimates for Canfor’s FY2027 earnings at $0.77 EPS.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C($0.48) EPS for the quarter. Canfor had a negative net margin of 10.44% and a negative return on equity of 23.41%. The business had revenue of C$1.28 billion for the quarter.

A number of other research analysts have also recently issued reports on the stock. Raymond James Financial upgraded shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$17.00 to C$21.00 in a report on Tuesday, September 15th. TD lowered their target price on shares of Canfor from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. One equities research 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 company’s stock. According to data from MarketBeat, Canfor has an average rating of “Moderate Buy” and an average target price of C$17.50.

Canfor Stock Performance

CFP opened at C$14.76 on Monday. Canfor has a 1-year low of C$10.86 and a 1-year high of C$16.59. The company has a market cap of C$1.73 billion, a price-to-earnings ratio of -3.04 and a beta of 0.80. The company’s fifty day moving average price is C$14.99 and its two-hundred day moving average price is C$14.09. The company has a current ratio of 1.29, a quick ratio of 2.14 and a debt-to-equity ratio of 43.03.

Insider Transactions at Canfor

In related news, Director Cheryl Anne-Marie Yaremko purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average cost of C$14.01 per share, with a total value of C$140,100.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at C$140,100. This represents a ? increase in their position. Company insiders own 53.92% of the company’s stock.

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.