TD Securities Has Lowered Expectations for Canfor (TSE:CFP) Stock Price

Canfor (TSE:CFP) had its target price lowered by TD Securities from C$20.00 to C$19.00 in a report released on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. BMO Capital Markets downgraded shares of Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. Scotiabank cut shares of Canfor from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. 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 note on Friday, December 20th. Raymond James lowered their price target on shares of Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. Finally, CIBC lowered their price objective on shares of Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$20.00.

Canfor Trading Up 3.5 %

TSE:CFP opened at C$15.24 on Monday. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The firm has a market cap of C$1.83 billion, a price-to-earnings ratio of -2.54 and a beta of 2.08. Canfor has a 52 week low of C$13.53 and a 52 week high of C$18.38. The firm has a 50-day moving average price of C$15.10 and a two-hundred day moving average price of C$15.85.

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.