Key Points
- Canfor insider Stephen Roche Mackie sold 4,052 shares at C$16.00 each for C$64,832, reducing his direct ownership by 42.82% to 5,410 shares. He had purchased 103 shares just days earlier at the same price.
- Canfor reported a quarterly loss of C$0.16 per share on C$1.53 billion in revenue, with a negative net margin of 12.04% and negative return on equity of 25.37%.
- Analyst sentiment remains moderately positive, with two Buy and two Hold ratings, an average rating of “Moderate Buy,” and a consensus price target of C$17.00 versus the reported C$15.26 opening price.
Canfor Co. (TSE:CFP - Get Free Report) insider Stephen Roche Mackie sold 4,052 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$16.00, for a total transaction of C$64,832.00. Following the completion of the sale, the insider directly owned 5,410 shares in the company, valued at C$86,560. This represents a 42.82% decrease in their ownership of the stock.
Stephen Roche Mackie also recently made the following trade(s):
- On Wednesday, August 5th, Stephen Roche Mackie bought 103 shares of Canfor stock. The shares were bought at an average price of C$16.00 per share, with a total value of C$1,648.00.
Canfor Price Performance
CFP stock opened at C$15.26 on Friday. The firm has a 50 day simple moving average of C$14.14 and a two-hundred day simple moving average of C$13.70. The stock has a market cap of C$1.79 billion, a PE ratio of -2.73 and a beta of 1.41. Canfor Co. has a one year low of C$10.86 and a one year high of C$16.08. The company has a debt-to-equity ratio of 41.78, a current ratio of 1.35 and a quick ratio of 2.14.
Canfor (TSE:CFP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share for the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%. The company had revenue of C$1.53 billion for the quarter. On average, analysts predict that Canfor Co. will post 0.4005401 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. TD lifted their price target on Canfor from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Raymond James Financial cut Canfor from a "strong-buy" rating to an "outperform" rating and set a C$17.00 price objective on the stock. in a report on Friday, April 24th. Finally, Royal Bank Of Canada downgraded Canfor from a "moderate buy" rating to a "hold" rating and set a C$15.00 target price for the company. in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Canfor presently has an average rating of "Moderate Buy" and a consensus target price of C$17.00.
Check Out Our Latest Analysis on Canfor
About Canfor
(
Get Free Report)
Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
