Canfor (TSE:CFP – Get Free Report) had its price target lowered by stock analysts at CIBC from C$22.00 to C$21.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 41.89% from the company’s current price.
CFP has been the topic of several other research reports. Scotiabank set a C$22.00 price target on Canfor and gave the company a “sector perform” rating in a research note on Monday, January 22nd. TD Securities dropped their price target on Canfor from C$22.00 to C$20.00 in a research note on Thursday. Royal Bank of Canada cut their price target on Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Raymond James lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. Finally, BMO Capital Markets cut their price objective on Canfor from C$24.00 to C$22.00 in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$21.17.
Check Out Our Latest Analysis on CFP
Canfor Stock Down 0.9 %
Canfor (TSE:CFP – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%. The business had revenue of C$1.28 billion for the quarter. Sell-side analysts forecast that Canfor will post 0.4005401 earnings per share for the current fiscal year.
About Canfor
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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