Canfor Corporation Stock Is Rising Now

 Canfor Corporation Stock Is Rising Now

The stock of Canfor Corporation (TSE:CFP) is a huge mover today! About 36,241 shares traded hands. Canfor Corporation (TSE:CFP) has risen 1.88% since April 20, 2016 and is uptrending. It has underperformed by 3.53% the S&P500.
The move comes after 6 months positive chart setup for the $2.04B company. It was reported on Nov, 24 by Barchart.com. We have $15.76 PT which if reached, will make TSE:CFP worth $61.20M 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. $31 is the highest target while $16 is the lowest. The $21.13 average target is 38.10% above today’s ($15.3) stock price. Canfor Corporation has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. TD Securities maintained Canfor Corporation (TSE:CFP) rating on Friday, October 28. TD Securities has “Buy” rating and $20 price target. The rating was downgraded by RBC Capital Markets on Tuesday, January 12 to “Sector Perform”. As per Friday, January 22, the company rating was upgraded by BMO Capital Markets. The rating was maintained by Scotia Capital with “Outperform” on Thursday, October 27. The firm earned “Sector Perform” rating on Thursday, October 27 by RBC Capital Markets. The stock has “Buy” rating given by Dundee Securities on Wednesday, August 31.

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 Fool.ca with their article: “Billionaire Jim Pattison Owns 58 Million Canfor Corporation Shares: Should You …” published on February 01, 2016, Seekingalpha.com published: “Canfor Corp’s (CFPZF) CEO Don Kayne on Q3 2016 Results – Earnings Call Transcript” on October 30, 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 Completed Purchase of Mill from Southern Lumber Company” with publication date: April 01, 2015.

Canfor Corporation is a Canada-based integrated forest products company. The company has a market cap of $2.04 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 17.75 P/E ratio. The Firm operates through two divisions: Lumber, and Pulp and Paper.

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