Key Points
- Canfor director Cheryl Anne-Marie Yaremko purchased 10,000 shares at an average price of C$14.01, representing a total investment of C$140,100.
- Canfor reported quarterly revenue of C$1.53 billion and a loss of C$0.16 per share, alongside negative return on equity and net margin.
- Analyst sentiment is positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$18.00; Raymond James recently raised its target to C$21.00.
Canfor Co. (TSE:CFP - Get Free Report) Director Cheryl Anne-Marie Yaremko purchased 10,000 shares of the business's stock in a transaction on Thursday, October 8th. The shares were bought at an average price of C$14.01 per share, for a total transaction of C$140,100.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at C$140,100. This represents a ∞ increase in their position.
Canfor Trading Down 2.2%
TSE CFP opened at C$14.06 on Wednesday. The company has a fifty day simple moving average of C$15.06 and a two-hundred day simple moving average of C$13.98. The stock has a market cap of C$1.65 billion, a P/E ratio of -2.52 and a beta of 1.05. Canfor Co. has a 12-month low of C$10.86 and a 12-month high of C$16.59. The company has a current ratio of 1.35, a quick ratio of 2.14 and a debt-to-equity ratio of 41.78.
Canfor (TSE:CFP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) EPS for the quarter. Canfor had a negative return on equity of 25.37% and a negative net margin of 12.04%. The company had revenue of C$1.53 billion for the quarter. On average, analysts forecast that Canfor Co. will post 0.40 earnings per share for the current year.
Analyst Upgrades and Downgrades
CFP has been the subject of a number of research analyst reports. Raymond James Financial upgraded Canfor from a "moderate buy" rating to a "strong-buy" rating and raised their target price for the stock from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. TD boosted their price target on Canfor from C$18.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$18.00.
View Our Latest Analysis on Canfor
Canfor Company Profile
(
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.
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