Fortress Paper Ltd. (TSE:FTP) – Research analysts at Raymond James Financial boosted their Q3 2016 earnings per share estimates for Fortress Paper in a research report issued on Wednesday. Raymond James Financial analyst D. Swetlishoff now anticipates that the firm will earn ($0.06) per share for the quarter, up from their prior estimate of ($0.18). Raymond James Financial currently has a “Outperform” rating and a $8.00 target price on the stock. Raymond James Financial also issued estimates for Fortress Paper’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at ($0.29) EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $0.80 EPS.
Separately, Scotiabank upped their price objective on Fortress Paper from C$3.00 to C$4.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 7th.
Fortress Paper (TSE:FTP) opened at 6.15 on Friday. The stock’s market cap is $91.10 million. Fortress Paper has a 1-year low of $2.84 and a 1-year high of $6.35. The firm’s 50 day moving average price is $4.82 and its 200-day moving average price is $3.99.
Fortress Paper Company Profile
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility.
Receive News & Ratings for Fortress Paper Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Paper Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.