Scotiabank Comments on Canfor Pulp Products Inc.’s Q2 2024 Earnings (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Research analysts at Scotiabank issued their Q2 2024 earnings per share (EPS) estimates for Canfor Pulp Products in a research note issued on Monday, May 6th. Scotiabank analyst expects that the company will post earnings of ($0.05) per share for the quarter. Scotiabank has a “Sector Perform” rating and a $2.00 price objective on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Several other research firms have also recently issued reports on CFX. CIBC decreased 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. Raymond James boosted their price objective on Canfor Pulp Products from C$2.40 to C$2.75 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Royal Bank of Canada decreased their price target on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a report on Friday, April 19th. Finally, TD Securities dropped their price objective 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 note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$1.95.

Canfor Pulp Products Stock Up 3.3 %

CFX opened at C$1.58 on Tuesday. The firm has a market cap of C$103.06 million, a P/E ratio of -1.07, a PEG ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a 52 week low of C$1.30 and a 52 week high of C$2.48. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39. The business’s fifty day simple moving average is C$1.59 and its 200 day simple moving average is C$1.65.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.33) by C$0.13. The business had revenue of C$193.90 million during the quarter. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%.

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.