Canfor Pulp Products (TSE:CFX) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Canfor Pulp Products (TSE:CFX) had its price objective increased by research analysts at Royal Bank Of Canada from C$0.40 to C$0.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock.

Separately, Raymond James Financial cut their price objective on Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$0.67.

Canfor Pulp Products Trading Up 1.0%

TSE:CFX traded up C$0.01 on Thursday, reaching C$0.50. 47,010 shares of the company’s stock were exchanged, compared to its average volume of 36,312. The firm has a market capitalization of C$32.62 million, a price-to-earnings ratio of -3.13, a price-to-earnings-growth ratio of -25.62 and a beta of 0.03. Canfor Pulp Products has a 52-week low of C$0.33 and a 52-week high of C$0.90. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. The business has a fifty day moving average of C$0.41 and a 200-day moving average of C$0.54.

Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($0.19) EPS for the quarter. Canfor Pulp Products had a negative net margin of 21.46% and a negative return on equity of 60.52%. The business had revenue of C$164.60 million during the quarter. As a group, analysts expect that Canfor Pulp Products will post 0.12 earnings per share for the current year.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.