TD Securities Lowers Canfor Pulp Products (TSE:CFX) Price Target to C$1.75

Canfor Pulp Products (TSE:CFX) had its price target lowered by TD Securities from C$2.00 to C$1.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other analysts also recently weighed in on CFX. Scotiabank set a C$2.00 price objective on Canfor Pulp Products and gave the stock a sector perform rating in a research report on Monday, January 22nd. CIBC dropped their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a neutral rating for the company in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$1.95.

Canfor Pulp Products Stock Performance

CFX opened at C$1.55 on Tuesday. The firm has a market cap of C$101.11 million, a P/E 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 company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94. The business’s fifty day moving average is C$1.59 and its 200-day moving average is C$1.69.

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