Canfor (TSE:CFP) Stock Passes Below 200-Day Moving Average – Should You Sell?

Canfor Co. (TSE:CFP)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.91 and traded as low as C$11.15. Canfor shares last traded at C$11.23, with a volume of 44,879 shares.

Analyst Ratings Changes

CFP has been the subject of several recent research reports. Raymond James Financial cut their price target on Canfor from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Royal Bank Of Canada decreased their price objective on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Canfor presently has a consensus rating of “Hold” and a consensus target price of C$15.75.

Canfor Stock Performance

The firm’s 50 day simple moving average is C$11.80 and its 200 day simple moving average is C$12.91. The firm has a market cap of C$1.31 billion, a PE ratio of -2.82 and a beta of 1.95. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last issued its earnings results on Wednesday, November 5th. The company reported C($1.48) earnings per share (EPS) for the quarter. The firm had revenue of C$1.26 billion during the quarter. Canfor had a negative return on equity of 20.05% and a negative net margin of 13.77%. On average, research analysts forecast that Canfor Co. will post 0.4005401 EPS for the current fiscal year.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.