Canfor Pulp Products (TSE:CFX) Given New C$1.50 Price Target at Royal Bank of Canada

Canfor Pulp Products (TSE:CFX) had its target price reduced by Royal Bank of Canada from C$2.00 to C$1.50 in a report released on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also issued reports on CFX. CIBC decreased their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a neutral rating on the stock in a research note on Friday, March 8th. TD Securities decreased their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a hold rating on the stock in a research note on Tuesday. Finally, 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of C$1.95.

Canfor Pulp Products Price Performance

Shares of TSE CFX opened at C$1.55 on Friday. The stock has a market capitalization of C$101.11 million, a PE ratio of -1.05, a P/E/G ratio of -25.62 and a beta of 1.37. The company has a debt-to-equity ratio of 32.39, a current ratio of 0.94 and a quick ratio of 0.73. The business has a fifty day moving average price of C$1.59 and a two-hundred day moving average price of C$1.69. Canfor Pulp Products has a fifty-two week low of C$1.30 and a fifty-two week high of C$2.48.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) earnings per share for the quarter, beating the consensus estimate of C($0.33) by C$0.13. The firm had revenue of C$193.90 million during the quarter. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%. As a group, equities analysts predict that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.

About Canfor Pulp Products

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.