Canfor Pulp Products (TSE:CFX) Rating Lowered to “Hold” at Raymond James Financial

Canfor Pulp Products (TSE:CFX) was downgraded by stock analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a C$0.50 target price on the stock, down from their prior target price of C$0.75. Raymond James Financial’s price target would indicate a potential downside of 13.79% from the stock’s previous close.

Separately, Royal Bank Of Canada upped their price target on Canfor Pulp Products from C$0.40 to C$0.50 and gave the company a “sector perform” rating in a research report on Thursday, December 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$0.58.

Canfor Pulp Products Stock Performance

TSE:CFX opened at C$0.58 on Wednesday. The company’s 50-day moving average price is C$0.46 and its 200-day moving average price is C$0.51. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 57.90. The company has a market cap of C$37.84 million, a P/E ratio of -3.63, a P/E/G ratio of -25.62 and a beta of 0.04. Canfor Pulp Products has a twelve month low of C$0.33 and a twelve month high of C$0.88.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$164.60 million for the quarter. Canfor Pulp Products had a negative net margin of 21.46% and a negative return on equity of 60.52%. 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 produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.