Canfor Pulp Products (TSE:CFX – Get Free Report) had its target price upped by equities researchers at Raymond James from C$2.40 to C$2.75 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 77.42% from the stock’s current price.
Other research analysts also recently issued reports about the stock. TD Securities dropped their target price on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. CIBC dropped their target price 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 report on Friday, March 8th. Scotiabank set a C$2.00 target price on shares of Canfor Pulp Products and gave the company a “sector perform” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada dropped their target price on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Canfor Pulp Products currently has a consensus rating of “Hold” and a consensus target price of C$1.95.
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Canfor Pulp Products Trading Down 0.6 %
Canfor Pulp Products (TSE:CFX – Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) EPS for the quarter, beating analysts’ consensus estimates of C($0.33) by C$0.13. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. The company had revenue of C$193.90 million for the quarter. Equities analysts predict that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.
About Canfor Pulp Products
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.
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