Canfor Co. (TSE:CFP) – Investment analysts at Raymond James reduced their Q4 2019 EPS estimates for shares of Canfor in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their previous estimate of $0.47. Raymond James also issued estimates for Canfor’s FY2020 earnings at $2.07 EPS.
Canfor (TSE:CFP) last posted its quarterly earnings data on Thursday, February 21st. The company reported C($0.23) earnings per share for the quarter. The business had revenue of C$1.03 billion for the quarter.
A number of other research analysts have also recently commented on the stock. TD Securities cut their price target on shares of Canfor from C$26.00 to C$22.00 and set a “buy” rating on the stock in a report on Monday, February 25th. Royal Bank of Canada cut their price target on shares of Canfor from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a report on Monday, February 25th. CIBC cut their price target on shares of Canfor from C$23.00 to C$18.00 in a report on Monday, January 14th. Finally, BMO Capital Markets set a C$20.00 price target on shares of Canfor in a report on Thursday, February 28th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$21.33.
CFP stock opened at C$13.19 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 1.02 and a debt-to-equity ratio of 17.45. Canfor has a twelve month low of C$12.91 and a twelve month high of C$34.04. The firm has a market cap of $1.74 billion and a price-to-earnings ratio of 4.75.
Canfor Company Profile
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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