Canfor Pulp Products (TSE:CFX) Given New C$1.75 Price Target at TD Securities

Canfor Pulp Products (TSE:CFX) had its target price decreased by equities researchers at TD Securities from C$2.00 to C$1.75 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 15.13% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Scotiabank set a C$2.00 price objective on Canfor Pulp Products and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. CIBC cut their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating for the company in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$2.12.

Canfor Pulp Products Price Performance

Shares of TSE CFX opened at C$1.52 on Tuesday. The company has a debt-to-equity ratio of 32.39, a current ratio of 0.94 and a quick ratio of 0.73. The stock has a fifty day moving average price of C$1.59 and a 200 day moving average price of C$1.69. Canfor Pulp Products has a 1-year low of C$1.30 and a 1-year high of C$2.48. The company has a market cap of C$99.15 million, a PE ratio of -1.03, a P/E/G ratio of -25.62 and a beta of 1.37.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) earnings per share for the quarter, topping the consensus estimate of C($0.33) by C$0.13. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%. The firm had revenue of C$193.90 million during the quarter. Sell-side analysts forecast that Canfor Pulp Products will post 0.12 EPS for the current year.

Canfor Pulp Products Company Profile

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.