Canfor Pulp Products (TSE:CFX) Price Target Raised to C$0.60 at Royal Bank Of Canada

Canfor Pulp Products (TSE:CFX) had its price target increased by Royal Bank Of Canada from C$0.50 to C$0.60 in a research report released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Raymond James Financial downgraded shares of Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$0.75 to C$0.50 in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$0.62.

Canfor Pulp Products Price Performance

Shares of Canfor Pulp Products stock opened at C$0.52 on Monday. Canfor Pulp Products has a twelve month low of C$0.33 and a twelve month high of C$0.80. The stock has a market capitalization of C$33.92 million, a P/E ratio of -3.25, a PEG ratio of -25.62 and a beta of -0.18. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 369.33. The business’s fifty day moving average price is C$0.59 and its 200 day moving average price is C$0.49.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings data on Thursday, March 5th. The company reported C($2.05) EPS for the quarter. The firm had revenue of C$140.20 million during the quarter. Canfor Pulp Products had a negative return on equity of 105.48% and a negative net margin of 21.61%. As a group, research analysts anticipate 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. 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.