Canfor (TSE:CFP – Free Report) had its price objective reduced by CIBC from C$22.00 to C$21.00 in a research report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Scotiabank set a C$22.00 price target on shares of Canfor and gave the stock a sector perform rating in a research report on Monday, January 22nd. BMO Capital Markets dropped their target price on shares of Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. 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 note on Tuesday, February 6th. TD Securities decreased their price target on shares of Canfor from C$22.00 to C$20.00 in a research report on Thursday. Finally, Royal Bank of Canada dropped their price target on Canfor from C$22.00 to C$19.00 and set an outperform rating on the stock in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$21.17.
Read Our Latest Stock Analysis on Canfor
Canfor Price Performance
Canfor (TSE:CFP – Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) 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 company had revenue of C$1.28 billion during the quarter. As a group, equities research analysts anticipate that Canfor will post 0.4005401 earnings per share for the current 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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