What’s Canfor Corporation Upside After Today’s Huge Increase?

 What's Canfor Corporation Upside After Today's Huge Increase?

The stock of Canfor Corporation (TSE:CFP) is a huge mover today! About 120,556 shares traded hands. Canfor Corporation (TSE:CFP) has declined 11.50% since April 8, 2016 and is downtrending. It has underperformed by 16.48% the S&P500.
The move comes after 8 months positive chart setup for the $1.88 billion company. It was reported on Nov, 14 by Barchart.com. We have $22.80 PT which if reached, will make TSE:CFP worth $1.11B more.

Canfor Corporation (TSE:CFP) Ratings Coverage

Out of 6 analysts covering Canfor Corporation (TSE:CFP), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Canfor Corporation has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 31 by Dundee Securities. As per Friday, October 28, the company rating was maintained by TD Securities. Scotia Capital maintained it with “Outperform” rating and $19.75 target price in Thursday, October 27 report. RBC Capital Markets maintained Canfor Corporation (TSE:CFP) on Thursday, October 27 with “Sector Perform” rating. RBC Capital Markets downgraded Canfor Corporation (TSE:CFP) rating on Tuesday, January 12. RBC Capital Markets has “Sector Perform” rating and $18 price target. The rating was upgraded by BMO Capital Markets on Friday, January 22 to “Outperform”.

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 Seekingalpha.com with their article: “Canfor Corp’s (CFPZF) CEO Don Kayne on Q3 2016 Results – Earnings Call Transcript” published on October 30, 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: Seekingalpha.com and their article: “Canfor Corp’s (CFPZF) CEO Don Kayne on Q1 2016 Results – Earnings Call Transcript” published on April 30, 2016 as well as Prnewswire.com‘s news article titled: “Canfor Announces the Purchase of Anthony Forest Products” with publication date: September 28, 2015.

Canfor Corporation is a Canada-based integrated forest products company. The company has a market cap of $1.88 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 16.63 P/E ratio. The Firm operates through two divisions: Lumber, and Pulp and Paper.

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