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RBC Capital Keeps Their Hold Rating on Canfor (CFPZF)

Tipranks - Tipranks - Sat Oct 17, 9:02PM CDT

RBC Capital analyst Matt McKellar maintained a Hold rating on Canfor yesterday and set a price target of C$16.00.

According to TipRanks, McKellar is a 3-star analyst with an average return of 3.9% and a 41.15% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as James Hardie, Clearwater Paper, and Mercer International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canfor with a C$17.83 average price target.

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Based on Canfor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.53 billion and a GAAP net loss of C$18.5 million. In comparison, last year the company earned a revenue of C$1.38 billion and had a GAAP net loss of C$202.8 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFPZF in relation to earlier this year.

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