Raymond James Brokers Boost Earnings Estimates for Canfor Pulp Products Inc. (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Equities research analysts at Raymond James lifted their FY2024 EPS estimates for Canfor Pulp Products in a research note issued to investors on Wednesday, May 1st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.04) per share for the year, up from their prior estimate of ($0.39). Raymond James has a “Outperform” rating and a $2.75 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Canfor Pulp Products (TSE:CFX) last issued its 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 business had revenue of C$193.90 million for the quarter.

CFX has been the subject of a number of other reports. TD Securities cut their target price on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a research note on Tuesday, April 16th. CIBC cut their price objective on shares of 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. Scotiabank set a C$2.00 target price on shares of Canfor Pulp Products and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada cut their price target on shares of 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$1.95.

Canfor Pulp Products Stock Performance

Shares of Canfor Pulp Products stock opened at C$1.50 on Monday. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94. The business’s 50 day moving average price is C$1.59 and its 200 day moving average price is C$1.65. The company has a market cap of C$97.85 million, a price-to-earnings ratio of -1.02, a PEG ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a one year low of C$1.30 and a one year high of C$2.48.

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.