Scotiabank Reiterates “C$2.00” Price Target for Canfor Pulp Products (TSE:CFX)

Scotiabank set a C$2.00 target price on Canfor Pulp Products (TSE:CFXFree Report) in a research note released on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research firms have also issued reports on CFX. CIBC decreased their target price on Canfor Pulp Products from C$2.25 to C$2.00 and set a neutral rating for the company in a report on Friday, October 13th. Raymond James decreased their price objective on shares of Canfor Pulp Products from C$3.75 to C$2.60 and set an outperform rating for the company in a research report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$2.27.

Check Out Our Latest Report on Canfor Pulp Products

Canfor Pulp Products Price Performance

CFX traded down C$0.06 on Monday, hitting C$1.66. 5,900 shares of the company’s stock were exchanged, compared to its average volume of 9,314. The stock has a market cap of C$108.28 million, a price-to-earnings ratio of -0.71, a P/E/G ratio of -25.62 and a beta of 1.38. The company has a current ratio of 1.00, a quick ratio of 0.73 and a debt-to-equity ratio of 24.04. Canfor Pulp Products has a fifty-two week low of C$1.30 and a fifty-two week high of C$4.43. The firm has a 50-day moving average price of C$1.68 and a 200-day moving average price of C$1.87.

Canfor Pulp Products (TSE:CFXGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The company reported C($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.58) by C$0.03. Canfor Pulp Products had a negative return on equity of 36.05% and a negative net margin of 16.08%. The business had revenue of C$188.80 million during the quarter. As a group, equities analysts anticipate that Canfor Pulp Products will post 0.12 earnings per share for the current year.

About Canfor Pulp Products

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Canfor Pulp Products Inc, together with its subsidiaries, engages in the production and supply of pulp and paper products in Canada, Europe, Asia, the United States, and internationally. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and coloured kraft papers.

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Analyst Recommendations for Canfor Pulp Products (TSE:CFX)

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