Royal Bank Of Canada Lowers Canfor (TSE:CFP) Price Target to C$15.00

Canfor (TSE:CFP) had its price target decreased by stock analysts at Royal Bank Of Canada from C$16.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 32.74% from the company’s previous close.

Separately, Raymond James Financial cut their price objective on Canfor from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Canfor has an average rating of “Hold” and an average price target of C$15.75.

Canfor Trading Up 1.3%

Shares of CFP stock traded up C$0.14 during mid-day trading on Thursday, reaching C$11.30. The stock had a trading volume of 120,948 shares, compared to its average volume of 163,003. The firm has a market capitalization of C$1.32 billion, a PE ratio of -2.84 and a beta of 1.95. The stock’s 50-day moving average price is C$11.94 and its two-hundred day moving average price is C$13.00. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. Canfor has a 52-week low of C$10.86 and a 52-week high of C$16.22.

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

About Canfor

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.