Canfor (TSE:CFP) Director Cheryl Anne-Marie Yaremko Buys 10,000 Shares of Stock

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

Canfor Trading Down 2.2%

TSE CFP opened at C$14.06 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 1.35 and a debt-to-equity ratio of 41.78. The firm has a market cap of C$1.65 billion, a PE ratio of -2.52 and a beta of 1.05. The company has a 50 day moving average price of C$15.06 and a 200 day moving average price of C$13.98. Canfor Co. has a 52 week low of C$10.86 and a 52 week high of C$16.59.

Canfor (TSE:CFP) last posted its earnings results on Wednesday, July 29th. The company reported C($0.16) EPS for the quarter. The firm 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, sell-side analysts forecast that Canfor Co. will post 0.40 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CFP shares. TD increased their price objective on 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 upgraded Canfor from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.00.

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.