TD Securities cut shares of Canfor (TSE:CFP) from a buy rating to a hold rating in a report issued on Tuesday morning, BayStreet.CA reports. TD Securities currently has C$16.00 price target on the stock, up from their previous price target of C$12.50.
A number of other research firms have also commented on CFP. CIBC raised shares of Canfor from a neutral rating to an outperform rating and lifted their price target for the company from C$11.00 to C$14.00 in a research report on Tuesday, June 18th. Royal Bank of Canada dropped their target price on shares of Canfor from C$20.00 to C$17.00 in a research report on Tuesday, July 9th. Finally, Raymond James set a C$18.00 target price on shares of Canfor and gave the stock an outperform rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Canfor currently has an average rating of Buy and a consensus target price of C$17.00.
TSE:CFP opened at C$15.24 on Tuesday. Canfor has a 12 month low of C$8.55 and a 12 month high of C$32.32. The firm has a market cap of $1.91 billion and a price-to-earnings ratio of -29.48. The company has a quick ratio of 0.49, a current ratio of 1.50 and a debt-to-equity ratio of 47.73. The company’s 50 day moving average is C$10.60 and its 200-day moving average is C$12.48.
Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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