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

Canfor Pulp Products (TSE:CFX) had its price target trimmed by TD Securities from C$2.00 to C$1.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also recently commented on CFX. Scotiabank set a C$2.00 price target on shares of Canfor Pulp Products and gave the stock a sector perform rating in a research note on Monday, January 22nd. CIBC decreased their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a neutral rating on the stock in a research note on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canfor Pulp Products has a consensus rating of Hold and a consensus target price of C$2.12.

Canfor Pulp Products Trading Up 2.6 %

Shares of Canfor Pulp Products stock opened at C$1.56 on Tuesday. The company has a market capitalization of C$101.76 million, a P/E ratio of -1.05, a P/E/G ratio of -25.62 and a beta of 1.37. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94. The company has a fifty day moving average of C$1.59 and a 200 day moving average of C$1.69. Canfor Pulp Products has a fifty-two week low of C$1.30 and a fifty-two week high of C$2.48.

Canfor Pulp Products (TSE:CFX) last issued its earnings results 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. The company had revenue of C$193.90 million during the quarter. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. On average, sell-side analysts anticipate that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.

Canfor Pulp Products Company Profile

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.