Raymond James Raises Canfor Pulp Products (TSE:CFX) Price Target to C$2.75

Canfor Pulp Products (TSE:CFX) had its target price increased by research analysts at Raymond James from C$2.40 to C$2.75 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 77.42% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada decreased their price objective on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a research note on Friday. TD Securities cut their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a report on Tuesday. Scotiabank set a C$2.00 price target on shares of Canfor Pulp Products and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Finally, CIBC dropped their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating on the stock in a report on Friday, March 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$1.95.

Canfor Pulp Products Trading Down 0.6 %

Shares of TSE CFX traded down C$0.01 during mid-day trading on Friday, reaching C$1.55. The company had a trading volume of 8,300 shares, compared to its average volume of 14,042. The stock has a market cap of C$101.11 million, a price-to-earnings ratio of -1.05, a price-to-earnings-growth ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a 52 week low of C$1.30 and a 52 week high of C$2.48. The business’s 50-day moving average is C$1.59 and its 200-day moving average is C$1.69. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 32.39.

Canfor Pulp Products (TSE:CFX) last issued its earnings results on Tuesday, March 5th. The company reported C($0.20) EPS for the quarter, topping analysts’ consensus estimates of C($0.33) by C$0.13. The business had revenue of C$193.90 million for the quarter. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. Equities analysts expect that Canfor Pulp Products will post 0.12 earnings per share 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.