Canfor Pulp Products Downgraded by RBC Capital to Sector Perform (CFX)
Canfor Pulp Products (TSE:CFX) was downgraded by stock analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday. They currently have a C$15.00 price target on the stock, up from their previous price target of C$14.00. RBC Capital’s price target suggests a potential upside of 23.15% from the stock’s previous close.
CFX has been the subject of a number of other recent research reports. Analysts at CIBC upgraded shares of Canfor Pulp Products to a “sector outperformer” rating in a research note on Tuesday, May 6th. Separately, analysts at Salman Partners raised their price target on shares of Canfor Pulp Products from C$14.25 to C$15.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Canfor Pulp Products from C$13.25 to C$13.50 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$13.80.
Canfor Pulp Products (TSE:CFX) traded down 1.06% during mid-day trading on Wednesday, hitting $12.18. 13,700 shares of the company’s stock traded hands. Canfor Pulp Products has a 52-week low of $8.69 and a 52-week high of $13.19. The stock has a 50-day moving average of $12.48 and a 200-day moving average of $12.01. The company has a market cap of $864.9 million and a P/E ratio of 15.39.
Canfor Pulp Products (TSE:CFX) last announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.03. On average, analysts predict that Canfor Pulp Products will post $1.37 earnings per share for the current fiscal year.
Canfor Pulp Products Inc (TSE:CFX), is engaged in investing in pulp and paper producing assets.
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