Canfor (TSE:CFP) Hits New 1-Year Low – What’s Next?

Canfor Co. (TSE:CFP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.45 and last traded at C$11.45, with a volume of 11742 shares traded. The stock had previously closed at C$11.68.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial reduced their target price on Canfor from C$19.00 to C$17.00 and set an “outperform” rating for the company in a report on Wednesday, October 15th. Royal Bank Of Canada cut their price objective on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, TD Securities reduced their target price on shares of Canfor from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$16.50.

Canfor Price Performance

The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of -2.89 and a beta of 2.05. The company’s 50-day moving average is C$12.54 and its 200-day moving average is C$13.29. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.

Canfor (TSE:CFP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($1.48) EPS for the quarter. Canfor had a negative net margin of 13.77% and a negative return on equity of 20.05%. The company had revenue of C$1.26 billion during the quarter. Equities research analysts expect that Canfor Co. will post 0.4005401 earnings per share for the current fiscal year.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.