FY2016 EPS Estimates for Conifex Timber Inc. Boosted by Analyst (CFF)

Conifex Timber Inc. (TSE:CFF) – Equities researchers at National Bank Financial upped their FY2016 earnings per share (EPS) estimates for Conifex Timber in a research note issued to investors on Tuesday. National Bank Financial analyst R. Merer now anticipates that the firm will post earnings of $0.64 per share for the year, up from their previous forecast of $0.58. National Bank Financial also issued estimates for Conifex Timber’s Q4 2016 earnings at $0.37 EPS.

Other equities research analysts also recently issued research reports about the company. CIBC increased their price objective on Conifex Timber from C$4.50 to C$5.00 in a report on Wednesday, August 10th. TD Securities increased their price objective on Conifex Timber from C$3.75 to C$4.00 and gave the company a “hold” rating in a report on Friday, August 5th. Royal Bank Of Canada downgraded Conifex Timber from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$4.00 to C$3.50 in a report on Friday, June 17th. Finally, Raymond James Financial Inc. raised Conifex Timber from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from C$4.75 to C$4.50 in a report on Thursday, July 7th.

Shares of Conifex Timber (TSE:CFF) traded down 4.17% during midday trading on Thursday, hitting $3.45. 12,500 shares of the stock traded hands. Conifex Timber has a 1-year low of $1.50 and a 1-year high of $3.74. The company has a market capitalization of $72.98 million and a P/E ratio of 1.31. The stock has a 50 day moving average of $3.46 and a 200 day moving average of $3.09.

Conifex Timber Company Profile

Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.

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