Canfor Pulp Products (TSE:CFX) Downgraded to Market Perform Rating by Raymond James Financial

Raymond James Financial lowered shares of Canfor Pulp Products (TSE:CFX) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have C$0.50 price objective on the stock, down from their prior price objective of C$0.75.

Separately, Royal Bank Of Canada increased their price objective on Canfor Pulp Products from C$0.40 to C$0.50 and gave the company a “sector perform” rating in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canfor Pulp Products presently has a consensus rating of “Hold” and a consensus price target of C$0.58.

Canfor Pulp Products Price Performance

Shares of TSE:CFX opened at C$0.55 on Wednesday. The company’s fifty day moving average price is C$0.46 and its 200-day moving average price is C$0.51. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73. The firm has a market capitalization of C$35.88 million, a price-to-earnings ratio of -3.44, a PEG ratio of -25.62 and a beta of 0.04. Canfor Pulp Products has a one year low of C$0.33 and a one year high of C$0.88.

Canfor Pulp Products (TSE:CFX) last announced its earnings results on Wednesday, November 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$164.60 million during the quarter. Canfor Pulp Products had a negative return on equity of 60.52% and a negative net margin of 21.46%. On average, equities research analysts anticipate that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.

About Canfor Pulp Products

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. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.