Shares of Canfor Pulp Products Inc (TSE:CFX) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.98 and last traded at C$13.95, with a volume of 9,814 shares. The stock had previously closed at C$13.80.

Separately, Scotiabank reduced their price objective on Canfor Pulp Products from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Canfor Pulp Products currently has a consensus rating of “Hold” and an average target price of C$12.80.

The company has a market cap of $919.25 million and a PE ratio of 12.13. The firm’s 50-day moving average is $13.30 and its 200-day moving average is $12.51.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported C$0.31 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.32 by C($0.01). Canfor Pulp Products had a return on equity of 16.14% and a net margin of 7.19%. The company had revenue of C$280.90 million for the quarter. On average, analysts forecast that Canfor Pulp Products Inc will post $1.42 earnings per share for the current year.

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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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