Canfor Pulp Products (TSE:CFX) PT Lowered to C$1.50

Canfor Pulp Products (TSE:CFX - Get Free Report) had its price objective decreased by research analysts at Royal Bank of Canada from C$2.00 to C$1.50 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target points to a potential downside of 3.23% from the company's previous close.

A number of other brokerages have also recently issued reports on CFX. TD Securities reduced their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a "hold" rating for the company in a research note on Tuesday. CIBC lowered their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a "neutral" rating on the stock in a research report on Friday, March 8th. Finally, Scotiabank set a C$2.00 price objective on Canfor Pulp Products and gave the stock a "sector perform" rating in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$1.95.

Canfor Pulp Products Stock Performance

CFX traded down C$0.01 during midday trading on Friday, reaching C$1.55. The company had a trading volume of 8,300 shares, compared to its average volume of 14,050. The business has a 50-day moving average of C$1.59 and a two-hundred day moving average of C$1.69. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39. Canfor Pulp Products has a 1 year low of C$1.30 and a 1 year high of C$2.48. The company has a market cap of C$101.11 million, a P/E ratio of -1.05, a P/E/G ratio of -25.62 and a beta of 1.37.

Canfor Pulp Products (TSE:CFX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.33) by C$0.13. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%. The company had revenue of C$193.90 million during the quarter. As a group, equities research analysts predict that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.

About Canfor Pulp Products

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.