Canfor Pulp Products’ (CFX) “Sector Perform” Rating Reiterated at Scotiabank
Canfor Pulp Products Inc (TSE:CFX)‘s stock had its “sector perform” rating reaffirmed by analysts at Scotiabank in a report released on Tuesday. They presently have a C$13.75 target price on the stock. Scotiabank’s price objective would suggest a potential downside of 2.83% from the company’s previous close.
Separately, CIBC raised their target price on shares of Canfor Pulp Products from C$13.00 to C$15.00 in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$13.55.
Shares of Canfor Pulp Products (TSE:CFX) traded up 0.50% during mid-day trading on Tuesday, reaching $14.15. 32,687 shares of the company’s stock traded hands. The firm has a market cap of $929.10 million and a price-to-earnings ratio of 12.26. The firm’s 50-day moving average is $13.57 and its 200 day moving average is $12.66. Canfor Pulp Products has a one year low of $9.45 and a one year high of $14.20.
Canfor Pulp Products (TSE:CFX) last announced its earnings results on Wednesday, July 26th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.01). The business had revenue of C$280.90 million for the quarter. Canfor Pulp Products had a return on equity of 16.14% and a net margin of 7.19%. Analysts predict that Canfor Pulp Products will post $1.42 earnings per share for the current year.
Canfor Pulp Products Company Profile
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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