The stock of Canfor Corporation (TSE:CFP) is a huge mover today! About 56,453 shares traded hands. Canfor Corporation (TSE:CFP) has declined 12.12% since March 10, 2016 and is downtrending. It has underperformed by 17.73% the S&P500.
The move comes after 9 months negative chart setup for the $1.76B company. It was reported on Oct, 17 by Barchart.com. We have $12.50 PT which if reached, will make TSE:CFP worth $123.20M less.
Canfor Corporation (TSE:CFP) Ratings Coverage
Out of 4 analysts covering Canfor Corporation (TSE:CFP), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $31 is the highest target while $16 is the lowest. The $22.88 average target is 70.24% above today’s ($13.44) stock price. Canfor Corporation has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, January 12. On Friday, January 22 the stock rating was upgraded by BMO Capital Markets to “Outperform”. Dundee Securities upgraded Canfor Corporation (TSE:CFP) on Wednesday, August 31 to “Buy” rating.
More notable recent Canfor Corporation (TSE:CFP) news were published by: Fool.ca which released: “Why Did Canfor Corporation Drop 50% in 9 Months?” on April 01, 2016, also Finance.Yahoo.com with their article: “Canfor Corporation and Canfor Pulp Products Inc. Announce Third Quarter …” published on September 29, 2016, Fool.ca published: “Billionaire Jim Pattison Owns 58 Million Canfor Corporation Shares: Should You …” on February 01, 2016. More interesting news about Canfor Corporation (TSE:CFP) were released by: Stockhouse.com and their article: “IIROC Trade Halt – Canfor Corporation” published on July 11, 2016 as well as Seekingalpha.com‘s news article titled: “Canfor Corp’s (CFPZF) CEO Don Kayne on Q1 2016 Results – Earnings Call Transcript” with publication date: April 30, 2016.
Canfor Corporation is a Canada-based integrated forest products company. The company has a market cap of $1.76 billion. The Firm is engaged in the production of softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. It has a 38.44 P/E ratio. The Firm operates through two divisions: Lumber, and Pulp and Paper.
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