Canfor Pulp Products (TSE:CFX) Price Target Raised to C$0.50 at Royal Bank Of Canada

Canfor Pulp Products (TSE:CFX) had its price objective lifted by Royal Bank Of Canada from C$0.40 to C$0.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock.

Separately, Raymond James Financial cut their price target on shares of Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating for the company in a report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Canfor Pulp Products has a consensus rating of “Hold” and an average target price of C$0.67.

Canfor Pulp Products Trading Up 1.0%

Shares of CFX traded up C$0.01 during midday trading on Thursday, reaching C$0.50. The company had a trading volume of 47,010 shares, compared to its average volume of 36,312. Canfor Pulp Products has a 1-year low of C$0.33 and a 1-year high of C$0.90. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. The firm has a 50 day simple moving average of C$0.41 and a 200-day simple moving average of C$0.54. The stock has a market cap of C$32.62 million, a PE ratio of -3.13, a price-to-earnings-growth ratio of -25.62 and a beta of 0.03.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.19) earnings per share for the quarter. Canfor Pulp Products had a negative net margin of 21.46% and a negative return on equity of 60.52%. The firm had revenue of C$164.60 million for the quarter. Research analysts forecast that Canfor Pulp Products will post 0.12 EPS for the current fiscal year.

About Canfor Pulp Products

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.