Canfor Pulp Products (TSE:CFX) Posts Earnings Results

Canfor Pulp Products (TSE:CFX) posted its earnings results on Thursday. The company reported C($2.05) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$140.20 million during the quarter. Canfor Pulp Products had a negative net margin of 1.45% and a negative return on equity of 5.83%.

Canfor Pulp Products Stock Down 3.6%

Shares of Canfor Pulp Products stock traded down C$0.02 during trading hours on Friday, reaching C$0.53. 1,246 shares of the company were exchanged, compared to its average volume of 63,276. The stock’s fifty day moving average is C$0.59 and its 200 day moving average is C$0.50. The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.73 and a current ratio of 0.91. Canfor Pulp Products has a 1 year low of C$0.33 and a 1 year high of C$0.80. The firm has a market cap of C$34.57 million, a PE ratio of -3.31, a PEG ratio of -25.62 and a beta of -0.18.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CFX. Raymond James Financial lowered Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$0.75 to C$0.50 in a report on Wednesday, January 14th. Royal Bank Of Canada raised their price target on Canfor Pulp Products from C$0.40 to C$0.50 and gave the stock a “sector perform” rating in a report on Thursday, December 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.58.

About Canfor Pulp Products

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.