Canfor Pulp Products (TSE:CFX) Price Target Lowered to C$1.75 at TD Securities

Canfor Pulp Products (TSE:CFX) had its price objective reduced by TD Securities from C$2.00 to C$1.75 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 15.13% from the company’s previous close.

CFX has been the subject of a number of other reports. CIBC cut their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating for the company 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 report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$2.12.

Canfor Pulp Products Stock Up 2.7 %

Shares of TSE:CFX traded up C$0.04 during midday trading on Tuesday, hitting C$1.52. The stock had a trading volume of 3,700 shares, compared to its average volume of 13,932. The company has a market cap of C$99.15 million, a P/E ratio of -1.03, a PEG ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a 12 month low of C$1.30 and a 12 month high of C$2.48. The business’s 50-day simple moving average is C$1.60 and its 200-day simple moving average is C$1.69. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) earnings per share for the quarter, topping the consensus estimate of C($0.33) by C$0.13. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. The company had revenue of C$193.90 million for the quarter. On average, sell-side 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.