Raymond James Financial, Inc. Raises Canfor Co. (TSE:CFP) Price Target to C$25.00
Canfor Co. (TSE:CFP) had its price objective hoisted by Raymond James Financial, Inc. from C$24.00 to C$25.00 in a report published on Thursday, July 27th. They currently have a strong-buy rating on the stock.
CFP has been the topic of a number of other reports. CIBC cut Canfor from a sector outperform rating to a neutral rating in a research report on Monday, April 24th. Scotiabank raised their target price on Canfor from C$19.00 to C$22.00 and gave the company an outperform rating in a research report on Wednesday, April 26th. Royal Bank Of Canada cut Canfor from a sector perform rating to an underperform rating and set a C$17.00 target price on the stock. in a research report on Wednesday, April 19th. Finally, TD Securities raised their target price on Canfor from C$22.00 to C$24.00 and gave the company a buy rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$21.45.
Canfor (TSE:CFP) traded down 0.09% during mid-day trading on Thursday, reaching $21.50. The company’s stock had a trading volume of 1,519,771 shares. Canfor has a one year low of $13.35 and a one year high of $21.74. The company has a market capitalization of $2.86 billion and a price-to-earnings ratio of 12.09. The stock has a 50-day moving average price of $20.00 and a 200-day moving average price of $18.40.
Canfor (TSE:CFP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.26. The business had revenue of $1.19 billion during the quarter. Canfor had a return on equity of 20.50% and a net margin of 7.67%. Equities research analysts forecast that Canfor will post $1.92 EPS for the current year.
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In other Canfor news, Director William W. Stinson bought 3,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of C$21.34 per share, with a total value of C$64,020.00.
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.
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