Raymond James Sticks to Its Buy Rating for Canfor Corporation (CFP)

By Ryan Adsit

The Materials sector company, Canfor Corporation (CFPResearch Report), has received a rating update from a Wall Street analyst today. Analyst Daryl Swetlishoff from Raymond James rated Canfor Corporation (CFPResearch Report) a Buy, setting a C$18 price target.

According to TipRanks.com, Swetlishoff is ranked #5125 out of 5196 analysts.

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Canfor Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$17.83.

Canfor Corporation’s market cap is currently C$1.16B and has a P/E ratio of 7.7. The company has a Price to Book ratio of 0.63.

Canfor Corp. operates as an integrated forest products company. It operates through the Lumber and Pulp and Paper segments. The Lumber segment deals with logging activities and manufactures wood chips, pellets and wood products. The Pulp and Paper segment produces and trades northern bleached softwood kraft and bleached chemi-thermo mechanical pulp.

The company’s shares closed on Wednesday at C$9.89, close to its 52-week low of C$8.55.