Canfor Pulp Products (TSE:CFX) PT Lowered to C$1.25

Canfor Pulp Products (TSE:CFX) had its price objective cut by equities research analysts at Royal Bank of Canada from C$1.50 to C$1.25 in a note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 25.00% from the company’s previous close.

A number of other research firms also recently commented on CFX. Raymond James boosted their price target on Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a research note on Friday, April 19th. TD Securities cut their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$1.90.

Canfor Pulp Products Price Performance

Shares of Canfor Pulp Products stock opened at C$1.00 on Thursday. The company has a 50-day simple moving average of C$1.38 and a two-hundred day simple moving average of C$1.55. Canfor Pulp Products has a twelve month low of C$0.99 and a twelve month high of C$2.36. The stock has a market capitalization of C$65.23 million, a price-to-earnings ratio of -0.82, a price-to-earnings-growth ratio of -25.62 and a beta of 1.40. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 33.65.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$222.30 million during the quarter. Canfor Pulp Products had a negative net margin of 9.33% and a negative return on equity of 21.31%. Analysts forecast that Canfor Pulp Products will post 0.12 EPS for the current year.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.