A number of research firms have changed their ratings and price targets for Canfor (TSE: CFP):
- 7/28/2017 – Canfor had its price target raised by analysts at TD Securities from C$24.00 to C$25.00. They now have a “buy” rating on the stock.
- 7/28/2017 – Canfor had its price target raised by analysts at Royal Bank Of Canada from C$17.00 to C$18.00. They now have an “underperform” rating on the stock.
- 7/27/2017 – Canfor had its price target raised by analysts at Scotiabank from C$20.50 to C$21.25. They now have an “outperform” rating on the stock.
- 7/27/2017 – Canfor had its price target raised by analysts at Raymond James Financial, Inc. from C$24.00 to C$25.00. They now have a “strong-buy” rating on the stock.
Shares of Canfor Co. (TSE CFP) opened at 20.92 on Tuesday. Canfor Co. has a 1-year low of $13.35 and a 1-year high of $21.18. The stock has a market capitalization of $2.78 billion and a P/E ratio of 11.76. The firm’s 50-day moving average is $19.73 and its 200 day moving average is $18.27.
Canfor (TSE:CFP) last released its earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.52 by $0.26. Canfor had a return on equity of 17.37% and a net margin of 6.88%. The business had revenue of $1.19 billion during the quarter. On average, analysts expect that Canfor Co. will post $1.70 EPS for the current fiscal year.
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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