CIBC Lowers Canfor Pulp Products (TSE:CFX) Price Target to C$1.25

Canfor Pulp Products (TSE:CFX) had its target price decreased by equities research analysts at CIBC from C$1.75 to C$1.25 in a report released on Thursday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 20.19% from the stock’s previous close.

Several other brokerages also recently weighed in on CFX. Royal Bank of Canada decreased their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a research report on Thursday, July 11th. TD Securities reduced their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a report on Tuesday, April 16th. Finally, Raymond James increased their price target on Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a report on Friday, April 19th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$1.80.

Canfor Pulp Products Stock Down 2.8 %

Shares of TSE CFX traded down C$0.03 on Thursday, hitting C$1.04. The company had a trading volume of 10,700 shares, compared to its average volume of 20,414. Canfor Pulp Products has a 12-month low of C$0.95 and a 12-month high of C$2.35. The business has a 50 day moving average of C$1.34 and a two-hundred day moving average of C$1.53. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 33.65. The firm has a market capitalization of C$67.84 million, a P/E ratio of -0.86, a PEG ratio of -25.62 and a beta of 1.40.

Canfor Pulp Products (TSE:CFX) last issued its earnings results on Wednesday, May 1st. The company reported C($0.04) earnings per share for the quarter. Canfor Pulp Products had a negative return on equity of 21.31% and a negative net margin of 9.33%. The company had revenue of C$222.30 million during the quarter. As a group, equities research analysts forecast 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.