Analysts Issue Forecasts for Fortress Paper Ltd.’s Q3 2016 Earnings (FTP)
Fortress Paper Ltd. (TSE:FTP) – Equities research analysts at Raymond James Financial upped their Q3 2016 EPS estimates for shares of Fortress Paper in a research report issued on Wednesday. Raymond James Financial analyst D. Swetlishoff now anticipates that the brokerage will post earnings of ($0.06) per share for the quarter, up from their prior estimate of ($0.18). Raymond James Financial has a “Outperform” rating and a $8.00 price objective on the stock. Raymond James Financial also issued estimates for Fortress Paper’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at ($0.29) EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $0.80 EPS.
Separately, Scotiabank raised their price objective on Fortress Paper from C$4.00 to C$4.25 and gave the stock an “underperform” rating in a research note on Friday, June 24th.
Shares of Fortress Paper (TSE:FTP) opened at 6.15 on Friday. The firm’s market capitalization is $91.10 million. The company has a 50-day moving average of $4.82 and a 200-day moving average of $3.99. Fortress Paper has a 52 week low of $2.84 and a 52 week high of $6.35.
Fortress Paper Company Profile
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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