Canfor Co. (TSE:CFP – Get Free Report)’s share worth crossed beneath its 200-day transferring common throughout buying and selling on Tuesday . The inventory has a 200-day transferring common of C$15.27 and traded as little as C$14.09. Canfor shares final traded at C$14.18, with a quantity of 146,523 shares.
Wall Avenue Analyst Weigh In
Plenty of brokerages have commented on CFP. Royal Financial institution of Canada elevated their worth goal on shares of Canfor from C$18.00 to C$19.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, July twenty ninth. BMO Capital Markets lower their worth goal on Canfor from C$22.00 to C$20.00 and set a “strong-buy” ranking on the inventory in a analysis notice on Tuesday, July twenty third. Scotiabank decreased their worth goal on Canfor from C$20.00 to C$19.00 and set a “sector carry out” ranking for the corporate in a report on Tuesday, July thirtieth. CIBC elevated their worth goal on Canfor from C$17.00 to C$19.00 and gave the corporate an “outperform” ranking in a report on Monday, July twenty ninth. Lastly, TD Securities decreased their goal worth on Canfor from C$20.00 to C$19.00 in a analysis notice on Tuesday, July twenty third. One analysis analyst has rated the inventory with a maintain ranking, 4 have given a purchase ranking and one has issued a robust purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the corporate has a mean ranking of “Purchase” and a mean worth goal of C$19.83.
Examine Out Our Newest Inventory Evaluation on CFP
Canfor Inventory Efficiency
The agency has a fifty day easy transferring common of C$14.67 and a 200-day easy transferring common of C$15.27. The corporate has a fast ratio of two.14, a present ratio of 1.99 and a debt-to-equity ratio of 11.97. The corporate has a market cap of C$1.68 billion, a PE ratio of -4.27 and a beta of two.04.
Canfor (TSE:CFP – Get Free Report) final launched its quarterly earnings outcomes on Thursday, July twenty fifth. The corporate reported C($1.42) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of C($0.17) by C($1.25). Canfor had a damaging return on fairness of 9.65% and a damaging internet margin of seven.39%. The agency had income of C$1.38 billion for the quarter, in comparison with analysts’ expectations of C$1.42 billion. On common, analysis analysts forecast that Canfor Co. will submit 0.4005401 EPS for the present fiscal 12 months.
Canfor Firm Profile
Canfor Company operates as an built-in forest merchandise firm in the US, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The corporate manufactures and sells softwood lumber, remanufactured lumber merchandise, engineered wooden, and different lumber-related merchandise, in addition to wooden chips and pellets; and generates inexperienced vitality.
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