Raymond James Has Lowered Expectations for Canfor (TSE:CFP) Stock Price

Canfor (TSE:CFP) had its target price cut by equities researchers at Raymond James from C$28.00 to C$24.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 54.14% from the company’s previous close. Raymond James also issued estimates for Canfor’s FY2026 earnings at $1.47 EPS.

Several other equities analysts have also issued reports on CFP. TD Securities cut their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada lowered their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. BMO Capital Markets cut shares of Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Finally, CIBC dropped their target price on shares of Canfor from C$21.00 to C$19.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canfor currently has a consensus rating of “Moderate Buy” and an average price target of C$20.33.

Canfor Stock Performance

Shares of Canfor stock traded down C$0.08 during trading on Tuesday, reaching C$15.57. The company’s stock had a trading volume of 46,323 shares, compared to its average volume of 145,844. The business’s fifty day moving average price is C$16.14 and its 200-day moving average price is C$15.76. Canfor has a one year low of C$13.53 and a one year high of C$18.38. The firm has a market cap of C$1.84 billion, a price-to-earnings ratio of -4.62 and a beta of 2.08. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99.

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.