Raymond James Research Analysts Lower Earnings Estimates for Canfor Co. (TSE:CFP)

Canfor Co. (TSE:CFPFree Report) – Investment analysts at Raymond James reduced their FY2023 earnings per share (EPS) estimates for Canfor in a report released on Monday, February 5th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn ($2.67) per share for the year, down from their previous forecast of ($2.46). Raymond James currently has a “Outperform” rating and a $23.00 target price on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share. Raymond James also issued estimates for Canfor’s Q4 2023 earnings at ($0.94) EPS, FY2024 earnings at ($0.83) EPS and FY2025 earnings at $0.94 EPS.

Several other research analysts have also recently commented on CFP. TD Securities reduced their price target on Canfor from C$24.00 to C$23.00 and set a “buy” rating for the company in a research report on Monday, November 6th. CIBC cut their price objective on Canfor from C$28.00 to C$23.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Royal Bank of Canada cut their price objective on Canfor from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Finally, Scotiabank set a C$22.00 price objective on Canfor and gave the company a “sector perform” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Canfor presently has an average rating of “Moderate Buy” and a consensus target price of C$23.60.

View Our Latest Stock Analysis on CFP

Canfor Stock Performance

Shares of TSE CFP opened at C$15.55 on Thursday. The stock has a 50 day moving average price of C$17.04 and a 200 day moving average price of C$17.44. Canfor has a 52 week low of C$13.41 and a 52 week high of C$25.70. The company has a debt-to-equity ratio of 9.53, a quick ratio of 2.14 and a current ratio of 2.64. The stock has a market capitalization of C$1.86 billion, a PE ratio of -4.57 and a beta of 2.11.

About Canfor

(Get Free Report)

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 finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

Featured Stories

Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.