Canfor Pulp Products (TSE:CFX) Price Target Cut to C$1.50

Canfor Pulp Products (TSE:CFX) had its target price trimmed by Scotiabank from C$2.00 to C$1.50 in a report published on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock. Scotiabank also issued estimates for Canfor Pulp Products’ Q3 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.44) EPS and FY2025 earnings at ($0.29) EPS.

Other equities analysts also recently issued research reports about the stock. Raymond James upped their price objective on shares of Canfor Pulp Products from C$1.75 to C$2.75 and gave the stock an outperform rating in a research report on Tuesday, July 23rd. TD Securities cut their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a hold rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada cut their price target on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Finally, CIBC cut their price target on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of C$1.70.

Canfor Pulp Products Stock Down 4.2 %

Shares of Canfor Pulp Products stock opened at C$0.91 on Tuesday. The company has a market cap of C$59.36 million, a P/E ratio of -0.75, a PEG ratio of -25.62 and a beta of 1.40. The company has a debt-to-equity ratio of 33.65, a quick ratio of 0.73 and a current ratio of 0.98. Canfor Pulp Products has a one year low of C$0.91 and a one year high of C$2.08. The firm has a fifty day moving average of C$1.21 and a two-hundred day moving average of C$1.47.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$222.30 million for the quarter. Canfor Pulp Products had a negative return on equity of 21.31% and a negative net margin of 9.33%. On average, analysts forecast that Canfor Pulp Products will post 0.12 earnings per share for the current 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.