Could Canfor Corporation Decline After Today’s Huge Increase?

 Could Canfor Corporation Decline After Today's Huge Increase?

The stock of Canfor Corporation (TSE:CFP) is a huge mover today! About 37,620 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 7 months positive chart setup for the $1.77B company. It was reported on Oct, 17 by Barchart.com. We have $16.89 PT which if reached, will make TSE:CFP worth $442.50M more.

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 69.36% above today’s ($13.51) stock price. Canfor Corporation has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Tuesday, January 12 by RBC Capital Markets. The rating was upgraded by Dundee Securities on Wednesday, August 31 to “Buy”. BMO Capital Markets upgraded the shares of CFP in a report on Friday, January 22 to “Outperform” 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 $1.77 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 38.64 P/E ratio. The Firm operates through two divisions: Lumber, and Pulp and Paper.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment