Canfor Pulp Products (TSE:CFX) Price Target Raised to C$2.75 at Raymond James

Canfor Pulp Products (TSE:CFX) had its target price lifted by Raymond James from C$2.40 to C$2.75 in a research note released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

CFX has been the topic of several other reports. TD Securities lowered their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a hold rating on the stock in a research report on Tuesday. CIBC lowered their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a neutral rating on the stock in a research report on Friday, March 8th. Scotiabank set a C$2.00 price objective on Canfor Pulp Products and gave the company a sector perform rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada lowered their price objective on Canfor Pulp Products from C$2.00 to C$1.50 and set a sector perform rating on the stock in a research report on Friday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$1.95.

Canfor Pulp Products Stock Performance

Shares of CFX opened at C$1.55 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39. The business’s 50 day moving average price is C$1.59 and its 200-day moving average price is C$1.69. Canfor Pulp Products has a 52 week low of C$1.30 and a 52 week high of C$2.48. The stock has a market cap of C$101.11 million, a P/E ratio of -1.05, a P/E/G ratio of -25.62 and a beta of 1.37.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) EPS for the quarter, topping analysts’ consensus estimates of C($0.33) by C$0.13. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%. The firm had revenue of C$193.90 million for the quarter. Equities research analysts anticipate 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.