FY2024 Earnings Estimate for Canfor Issued By Raymond James

Canfor Co. (TSE:CFP) – Analysts at Raymond James raised their FY2024 earnings per share estimates for Canfor in a research report issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will earn ($3.70) per share for the year, up from their prior forecast of ($4.29). The consensus estimate for Canfor’s current full-year earnings is $0.40 per share. Raymond James also issued estimates for Canfor’s FY2025 earnings at ($0.58) EPS.

Other equities analysts have also recently issued research reports about the stock. TD Securities decreased their price target on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. BMO Capital Markets lowered Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Royal Bank of Canada cut their price target on Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, CIBC decreased their price objective on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Canfor currently has a consensus rating of “Moderate Buy” and an average target price of C$20.33.

Canfor Trading Up 0.5 %

TSE CFP opened at C$15.73 on Wednesday. Canfor has a one year low of C$13.53 and a one year high of C$18.38. The firm has a 50 day simple moving average of C$16.14 and a 200-day simple moving average of C$15.76. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of -4.67 and a beta of 2.08. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99.

Canfor (TSE:CFP) last announced its earnings results on Friday, October 25th. The company reported C($1.65) EPS for the quarter, missing analysts’ consensus estimates of C($1.10) by C($0.55). Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%. During the same period in the previous year, the firm earned ($0.16) EPS.

Canfor Company Profile

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 softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.