Fortress Paper Ltd. (FTP) Expected to Post Q3 2017 Earnings of $0.15 Per Share
Fortress Paper Ltd. (TSE:FTP) – Investment analysts at Raymond James Financial raised their Q3 2017 earnings per share (EPS) estimates for shares of Fortress Paper in a research report issued to clients and investors on Wednesday. Raymond James Financial analyst D. Swetlishoff now anticipates that the firm will post earnings per share of $0.15 for the quarter, up from their previous estimate of $0.10. Raymond James Financial currently has a “Outperform” rating and a $8.00 price target on the stock.
Separately, Scotiabank boosted their price objective on shares of Fortress Paper from C$3.00 to C$4.00 and gave the company an “underperform” rating in a research report on Tuesday, June 7th.
Fortress Paper (TSE:FTP) remained flat at $6.25 during trading on Thursday. The stock had a trading volume of 1,314 shares. The stock’s 50 day moving average is $4.76 and its 200-day moving average is $3.98. Fortress Paper has a 12-month low of $2.84 and a 12-month high of $6.25. The stock’s market capitalization is $92.58 million.
About Fortress Paper
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility.
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