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Canfor - CFP Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$21.33
  • Forecasted Upside: 24.68%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 2 Strong Buy Ratings
C$17.11 As of 11/20/2024 01:00 AM ET
▼ -0.02 (-0.12%)

This chart shows the closing price for CFP by one month, three months, or twelve months.

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Analyst Price Target for CFP

Analyst Price Target is C$21.33
▲ +24.68% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Canfor in the last 3 months. The average price target is C$21.33, with a high forecast of C$28.00 and a low forecast of C$19.00. The average price target represents a 24.68% upside from the last price of C$17.11.

This chart shows the closing price for CFP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 6 investment analysts is to buy stock in Canfor. This rating has held steady since July 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2024
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/29/2024CIBCBoost TargetOutperformC$20.00 ➝ C$21.00
10/29/2024TD SecuritiesLower TargetBuyC$22.00 ➝ C$21.00
10/22/2024Raymond JamesUpgradeOutperform ➝ Strong-BuyC$20.00 ➝ C$28.00
7/30/2024ScotiabankLower TargetSector PerformC$20.00 ➝ C$19.00
7/29/2024CIBCBoost TargetOutperformC$17.00 ➝ C$19.00
7/29/2024Royal Bank of CanadaBoost TargetOutperformC$18.00 ➝ C$19.00
7/23/2024Raymond JamesBoost TargetOutperformC$20.00 ➝ C$23.00
7/23/2024TD SecuritiesLower TargetC$20.00 ➝ C$19.00
7/23/2024BMO Capital MarketsLower TargetStrong-BuyC$22.00 ➝ C$20.00
7/18/2024CIBCLower TargetC$21.00 ➝ C$17.00
7/11/2024Royal Bank of CanadaLower TargetC$19.00 ➝ C$18.00
5/2/2024CIBCLower TargetOutperformC$22.00 ➝ C$21.00
5/2/2024TD SecuritiesLower TargetC$22.00 ➝ C$20.00
4/19/2024Royal Bank of CanadaLower TargetOutperformC$22.00 ➝ C$19.00
4/17/2024BMO Capital MarketsLower TargetC$24.00 ➝ C$22.00
4/11/2024CIBCLower TargetC$23.00 ➝ C$22.00
3/7/2024TD SecuritiesLower TargetBuyC$25.00 ➝ C$22.00
2/6/2024Raymond JamesDowngradeStrong-Buy ➝ OutperformC$25.00 ➝ C$23.00
1/22/2024ScotiabankSet TargetSector PerformC$22.00
11/6/2023TD SecuritiesLower TargetBuyC$24.00 ➝ C$23.00
10/20/2023Raymond JamesLower TargetOutperformC$28.00 ➝ C$23.00
10/20/2023Royal Bank of CanadaLower TargetOutperformC$30.00 ➝ C$27.00
10/13/2023CIBCLower TargetOutperformC$28.00 ➝ C$23.00
9/25/2023Raymond JamesDowngradeStrong-Buy ➝ OutperformC$32.00 ➝ C$28.00
8/1/2023CIBCLower TargetOutperformC$29.00 ➝ C$28.00
7/20/2023CIBCBoost TargetOutperformC$27.00 ➝ C$29.00
5/5/2023Royal Bank of CanadaLower TargetOutperformC$30.00 ➝ C$27.00
5/5/2023CIBCLower TargetC$28.00 ➝ C$27.00
5/4/2023TD SecuritiesLower TargetBuyC$27.00 ➝ C$26.00
5/4/2023Raymond JamesLower TargetC$34.00 ➝ C$32.00
5/4/2023ScotiabankLower TargetC$30.00 ➝ C$29.00
3/3/2023CIBCLower TargetOutperformC$29.00 ➝ C$28.00
3/1/2023Raymond JamesLower TargetStrong-BuyC$35.50 ➝ C$34.00
1/26/2023CIBCUpgradeNeutral ➝ OutperformC$25.00 ➝ C$29.00
1/9/2023ScotiabankLower TargetC$33.00 ➝ C$30.00
11/28/2022ScotiabankLower TargetC$36.00 ➝ C$33.00
10/31/2022TD SecuritiesLower TargetHoldC$31.00 ➝ C$29.00
10/4/2022CIBCDowngradeOutperform ➝ NeutralC$36.00 ➝ C$25.00
7/8/2022CIBCLower TargetC$38.00 ➝ C$36.00
5/4/2022Raymond JamesSet TargetStrong-BuyC$55.00
4/21/2022CIBCLower TargetC$44.00 ➝ C$36.00
4/7/2022Royal Bank of CanadaLower TargetC$45.00 ➝ C$40.00
3/3/2022TD SecuritiesLower TargetBuyC$41.00 ➝ C$37.00
3/3/2022Royal Bank of CanadaLower TargetOutperformC$48.00 ➝ C$45.00
3/2/2022Raymond JamesSet TargetStrong-BuyC$55.00
1/25/2022BMO Capital MarketsBoost TargetC$36.00 ➝ C$40.00
1/12/2022ScotiabankBoost TargetC$40.00 ➝ C$45.00
1/10/2022CIBCBoost TargetC$36.00 ➝ C$44.00
1/5/2022TD SecuritiesBoost TargetC$38.00 ➝ C$41.00
12/19/2021Raymond JamesBoost TargetStrong-BuyC$53.00 ➝ C$55.00
12/17/2021TD SecuritiesBoost TargetBuyC$37.00 ➝ C$38.00
12/13/2021Raymond JamesBoost TargetStrong-BuyC$47.00 ➝ C$55.00
10/27/2021CIBCReiterated RatingOutperformC$35.00
10/27/2021Raymond JamesReiterated RatingStrong-BuyC$47.00
10/21/2021CIBCBoost TargetC$34.00 ➝ C$35.00
10/11/2021ScotiabankLower TargetC$42.00 ➝ C$40.00
9/30/2021CIBCReiterated RatingBuy
9/29/2021Raymond JamesLower TargetStrong-BuyC$50.00 ➝ C$47.00
9/15/2021TD SecuritiesReiterated RatingBuy
9/14/2021TD SecuritiesBoost TargetNAC$37.00 ➝ C$39.00
9/10/2021Royal Bank of CanadaReiterated RatingOutperformC$45.00
8/25/2021CIBCReiterated RatingOutperformC$34.00
8/4/2021CIBCBoost TargetC$32.00 ➝ C$34.00
8/3/2021TD SecuritiesLower TargetBuyC$41.00 ➝ C$39.00
8/1/2021Raymond JamesReiterated RatingStrong-BuyC$50.00
7/30/2021CIBCReiterated RatingOutperformC$32.00
7/26/2021Raymond JamesReiterated RatingStrong-BuyC$53.00 ➝ C$50.00
7/21/2021Raymond JamesReiterated RatingStrong-BuyC$53.00
7/20/2021CIBCLower TargetNAC$41.00 ➝ C$32.00
7/8/2021ScotiabankBoost TargetC$42.00 ➝ C$44.00
6/9/2021Raymond JamesReiterated RatingStrong-BuyC$53.00
6/9/2021Royal Bank of CanadaBoost TargetOutperformC$45.00
5/25/2021Raymond JamesBoost TargetSpeculative BuyC$46.00 ➝ C$53.00
5/19/2021ScotiabankBoost TargetC$40.00 ➝ C$42.00
5/3/2021BMO Capital MarketsBoost TargetOutperformC$31.00 ➝ C$36.00
4/30/2021Raymond JamesReiterated RatingStrong-BuyC$46.00
4/30/2021Royal Bank of CanadaReiterated RatingOutperformC$40.00
4/29/2021CIBCReiterated RatingOutperformC$41.00
4/28/2021ScotiabankBoost TargetC$37.00 ➝ C$40.00
4/23/2021TD SecuritiesBoost TargetBuyC$36.00 ➝ C$41.00
4/13/2021CIBCBoost TargetC$35.00 ➝ C$41.00
4/12/2021CIBCInitiated CoverageOutperformC$35.00
4/7/2021Raymond JamesBoost TargetOutperformC$40.00 ➝ C$46.00
4/7/2021ScotiabankBoost TargetC$33.00 ➝ C$37.00
3/3/2021ScotiabankBoost TargetC$29.00 ➝ C$33.00
3/1/2021CIBCBoost TargetC$34.00 ➝ C$35.00
2/26/2021TD SecuritiesBoost TargetBuyC$31.00 ➝ C$32.00
2/25/2021ScotiabankBoost TargetC$27.00 ➝ C$29.00
2/25/2021Raymond JamesBoost TargetStrong-BuyC$37.50 ➝ C$40.00
2/4/2021CIBCBoost TargetC$29.00 ➝ C$34.00
1/13/2021Raymond JamesBoost TargetStrong-BuyC$35.00 ➝ C$37.50
1/6/2021ScotiabankBoost TargetC$24.00 ➝ C$27.00
12/18/2020CIBCBoost TargetC$23.00 ➝ C$29.00
12/10/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$26.50 ➝ C$35.00
10/26/2020TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
10/23/2020Raymond JamesBoost TargetOutperformC$23.50 ➝ C$26.50
10/20/2020Royal Bank of CanadaBoost TargetC$26.00 ➝ C$27.00
10/2/2020ScotiabankBoost TargetC$23.00 ➝ C$24.00
9/3/2020ScotiabankBoost TargetC$17.50 ➝ C$23.00
8/27/2020BMO Capital MarketsBoost TargetC$19.00 ➝ C$29.00
8/25/2020CIBCBoost TargetC$19.00 ➝ C$25.00
8/19/2020Raymond JamesBoost TargetOutperformC$19.50 ➝ C$23.50
8/19/2020Royal Bank of CanadaBoost TargetC$22.00 ➝ C$26.00
7/28/2020CIBCBoost TargetC$17.00 ➝ C$19.00
7/27/2020TD SecuritiesBoost TargetBuyC$17.00 ➝ C$19.00
7/27/2020Royal Bank of CanadaBoost TargetC$18.00 ➝ C$22.00
7/24/2020Raymond JamesBoost TargetOutperformC$18.00 ➝ C$19.50
7/24/2020ScotiabankBoost TargetC$15.00 ➝ C$17.50
7/15/2020Raymond JamesBoost TargetOutperformC$14.00 ➝ C$19.00
7/8/2020Raymond JamesSet TargetOutperformC$14.00
6/19/2020TD SecuritiesBoost TargetC$10.50 ➝ C$13.00
6/18/2020Raymond JamesSet TargetOutperformC$14.00
6/15/2020CIBCBoost TargetC$12.00 ➝ C$13.00
6/4/2020Raymond JamesBoost TargetOutperformC$10.00 ➝ C$14.00
4/27/2020CIBCLower TargetC$13.00 ➝ C$12.00
4/24/2020Raymond JamesSet TargetOutperformC$10.00
4/14/2020CIBCLower TargetC$15.00 ➝ C$13.00
4/13/2020ScotiabankLower TargetC$12.50 ➝ C$12.00
4/7/2020Raymond JamesLower TargetOutperformC$13.50 ➝ C$10.00
3/30/2020Raymond JamesLower TargetOutperformC$17.00 ➝ C$13.50
3/30/2020ScotiabankLower TargetC$17.00 ➝ C$12.50
2/24/2020TD SecuritiesBoost TargetBuyC$16.00 ➝ C$16.50
2/24/2020Royal Bank of CanadaBoost TargetOutperformC$17.00 ➝ C$18.00
2/21/2020Raymond JamesSet TargetOutperformC$17.00
1/14/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$16.00 ➝ C$17.00
1/13/2020CIBCUpgradeNeutral ➝ OutperformC$16.00 ➝ C$15.00
12/18/2019Raymond JamesSet TargetOutperformC$18.00
12/18/2019TD SecuritiesUpgradeTender ➝ BuyC$16.00
12/17/2019ScotiabankLower TargetC$16.00 ➝ C$15.50
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.64 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 6 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 4 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 4 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Canfor logo
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy. It also offers dimension lumber products, such as spruce pine fir, southern yellow pine, Douglas fir larch, and Canfor red; specialty lumber products, including Balfour boards, WynnWood board, decking/fascia, lamstock, long lengths, shop/clear, and access mat lumber; and pulp and paper products comprising bleached and unbleached softwood kraft pulp, as well as bleached, colored, and unbleached kraft paper. The company was founded in 1938 and is headquartered in Vancouver, Canada.
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Today's Range

Now: C$17.11
Low: C$16.85
High: C$17.34

50 Day Range

MA: C$16.63
Low: C$14.01
High: C$17.90

52 Week Range

Now: C$17.11
Low: C$13.53
High: C$19.30

Volume

109,008 shs

Average Volume

199,268 shs

Market Capitalization

C$2.03 billion

P/E Ratio

N/A

Dividend Yield

2.38%

Beta

2.08

Frequently Asked Questions

What sell-side analysts currently cover shares of Canfor?

The following Wall Street research analysts have issued reports on Canfor in the last year: BMO Capital Markets, CIBC, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for CFP.

What is the current price target for Canfor?

0 Wall Street analysts have set twelve-month price targets for Canfor in the last year. Their average twelve-month price target is C$21.33, suggesting a possible upside of 24.5%. Raymond James has the highest price target set, predicting CFP will reach C$28.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$19.00 for Canfor in the next year.
View the latest price targets for CFP.

What is the current consensus analyst rating for Canfor?

Canfor currently has 1 hold rating, 3 buy ratings and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CFP will outperform the market and that investors should add to their positions of Canfor.
View the latest ratings for CFP.

What other companies compete with Canfor?

Other companies that are similar to Canfor include Stella-Jones, GreenFirst Forest Products, Interfor, Pinnacle Renewable Energy and Acadian Timber. Learn More about companies similar to Canfor.

How do I contact Canfor's investor relations team?

Canfor's physical mailing address is 100-1700 75th Ave W, VANCOUVER, BC V6P 6G2, Canada. The company's listed phone number is +1-604-6615241. The official website for Canfor is www.canfor.com. Learn More about contacing Canfor investor relations.