Canfor Corporation (CFP) Receives a Rating Update from a Top Analyst


Canfor Corporation (TSX: CFP), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from RBC Capital’s analyst Paul Quinn, with a C$36 price target.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 18.0% and a 67.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Clearwater Paper, Resolute Forest, and WestRock LLC.

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Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$32.67.

Canfor Corporation’s market cap is currently C$2.6B and has a P/E ratio of 5.5. The company has a Price to Book ratio of 1.27.

Canfor Corp. engages in the production of forest products. It operates through the Lumber and Pulp ang 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 Tuesday at C$20.40, close to its 52-week low of C$19.27.

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