TD Securities Cuts Canfor (TSE:CFP) Price Target to C$19.00

Canfor (TSE:CFP) had its price objective reduced by TD Securities from C$20.00 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on CFP. CIBC reduced their price objective on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Raymond James lowered their price target on shares of Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. BMO Capital Markets downgraded shares of Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Scotiabank cut shares of Canfor from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada cut their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.00.

Canfor Trading Up 3.5 %

Canfor stock opened at C$15.24 on Monday. Canfor has a 52 week low of C$13.53 and a 52 week high of C$18.38. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The stock has a market capitalization of C$1.83 billion, a P/E ratio of -2.54 and a beta of 2.08. The stock has a 50-day simple moving average of C$15.10 and a 200 day simple moving average of C$15.85.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.