Brokers Offer Predictions for Conifex Timber Inc.’s Q3 2016 Earnings (CFF)
Conifex Timber Inc. (TSE:CFF) – Research analysts at National Bank Financial lowered their Q3 2016 earnings per share estimates for Conifex Timber in a note issued to investors on Tuesday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. National Bank Financial also issued estimates for Conifex Timber’s FY2017 earnings at $0.14 EPS.
CFF has been the topic of a number of other reports. Raymond James Financial Inc. increased their price objective on shares of Conifex Timber from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. TD Securities raised shares of Conifex Timber from a “reduce” rating to a “hold” rating and increased their target price for the company from C$2.00 to C$3.75 in a research report on Tuesday, July 19th. CIBC increased their target price on shares of Conifex Timber from C$4.50 to C$5.00 in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada cut shares of Conifex Timber from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$4.00 to C$3.50 in a research report on Friday, June 17th.
Shares of Conifex Timber (TSE:CFF) opened at 3.52 on Friday. The company has a market cap of $74.47 million and a P/E ratio of 1.34. Conifex Timber has a 12 month low of $1.50 and a 12 month high of $3.74. The stock’s 50 day moving average is $3.46 and its 200-day moving average is $3.11.
About Conifex Timber
Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.
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