TD Securities analyst Sean Steuart maintained a Buy rating on Canfor (TSX:CFP) Corporation on Friday, setting a price target of C$41, which is approximately 33.63% above the present share price of $24.57.
Steuart expects Canfor Corporation to post earnings per share (EPS) of $2.68 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Canfor, with an average price target of $30.7.
The analysts price targets range from a high of $32.83 to a low of $24.82.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.62 billion and a net profit of $419.6 million. The company's market cap is $3.08 billion.
According to TipRanks.com, TD Securities analyst Sean Steuart is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.1% and a 62.73% success rate.
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 was founded by John G. Prentice and L.L.G. Bentley in 1938 and is headquartered in Vancouver, Canada.