Canfor Corporation Stock Is Crashing Now

 Canfor Corporation Stock Is Crashing Now

The stock of Canfor Corporation (TSE:CFP) is a huge mover today! About 155,355 shares traded hands. Canfor Corporation (TSE:CFP) has declined 5.69% since March 24, 2016 and is downtrending. It has underperformed by 9.17% the S&P500.
The move comes after 8 months negative chart setup for the $1.97B company. It was reported on Oct, 31 by Barchart.com. We have $13.99 PT which if reached, will make TSE:CFP worth $118.20M less.

Canfor Corporation (TSE:CFP) Ratings Coverage

Out of 5 analysts covering Canfor Corporation (TSE:CFP), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Canfor Corporation has been the topic of 14 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Dundee Securities given on Wednesday, August 31. The firm earned “Outperform” rating on Friday, January 22 by BMO Capital Markets. Scotia Capital maintained the stock with “Outperform” rating in Thursday, October 27 report. The stock of Canfor Corporation (TSE:CFP) has “Sector Perform” rating given on Tuesday, January 12 by RBC Capital Markets. TD Securities maintained Canfor Corporation (TSE:CFP) on Friday, October 28 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 27.

More notable recent Canfor Corporation (TSE:CFP) news were published by: Seekingalpha.com which released: “Canfor Corp’s (CFPZF) CEO Don Kayne on Q3 2016 Results – Earnings Call Transcript” on October 30, 2016, also Fool.ca with their article: “Why Did Canfor Corporation Drop 50% in 9 Months?” published on April 01, 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: Prnewswire.com and their article: “Canfor Pulp Products Inc. and Canfor Corporation Announce Third Quarter …” published on September 29, 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 $1.97 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 17.26 P/E ratio. The Firm operates through two divisions: Lumber, and Pulp and Paper.

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