CIBC Increases Canfor Pulp Products Inc (CFX) Price Target to C$15.00
Canfor Pulp Products Inc (TSE:CFX) had its price objective raised by stock analysts at CIBC from C$13.00 to C$15.00 in a research note issued on Thursday. CIBC’s target price would suggest a potential upside of 6.91% from the company’s previous close.
Separately, Scotiabank decreased their target price on Canfor Pulp Products from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$13.20.
Shares of Canfor Pulp Products (CFX) traded down 0.21% on Thursday, reaching $14.00. The company had a trading volume of 12,500 shares. Canfor Pulp Products has a 12 month low of $9.45 and a 12 month high of $14.20. The stock has a 50 day moving average price of $13.48 and a 200-day moving average price of $12.60. The company has a market capitalization of $919.25 million and a price-to-earnings ratio of 12.13.
Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.32 by C($0.01). Canfor Pulp Products had a net margin of 7.19% and a return on equity of 16.14%. The firm had revenue of C$280.90 million for the quarter. Analysts forecast that Canfor Pulp Products will post $1.44 EPS for the current fiscal year.
About Canfor Pulp Products
Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.
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