Canfor Pulp Products Inc (CFX) Downgraded by CIBC to “Neutral”
CIBC lowered shares of Canfor Pulp Products Inc (TSE:CFX) from an outperform rating to a neutral rating in a report issued on Monday. They currently have C$13.00 price objective on the stock, down from their prior price objective of C$14.00.
Several other analysts also recently weighed in on the company. Scotiabank restated an outperform rating and set a C$12.75 price objective on shares of Canfor Pulp Products in a research report on Thursday, April 27th. TD Securities downgraded Canfor Pulp Products from a buy rating to a hold rating and dropped their target price for the company from C$14.00 to C$13.50 in a research report on Thursday, April 27th. Raymond James Financial, Inc. increased their target price on Canfor Pulp Products from C$14.25 to C$14.50 and gave the company an outperform rating in a research report on Wednesday, April 26th. Finally, Royal Bank of Canada increased their target price on Canfor Pulp Products from C$10.00 to C$11.00 in a research report on Friday, February 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$12.95.
Canfor Pulp Products (TSE:CFX) traded down 0.66% on Monday, hitting $12.07. The company had a trading volume of 20,207 shares. The firm has a market capitalization of $801.86 million and a PE ratio of 13.75. Canfor Pulp Products has a 12-month low of $9.45 and a 12-month high of $12.94. The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $11.17.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 15th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.06%.
Canfor Pulp Products Company Profile
Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.
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