Canfor Pulp Products (TSE:CFX) Price Target Lowered to C$8.00 at Royal Bank of Canada

Canfor Pulp Products (TSE:CFX) had its price target decreased by Royal Bank of Canada from C$9.00 to C$8.00 in a research report released on Tuesday morning, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the company. Scotiabank cut their price objective on Canfor Pulp Products from C$11.75 to C$11.25 in a research report on Tuesday, December 17th. CIBC raised Canfor Pulp Products from a neutral rating to an outperform rating and raised their price objective for the company from C$10.00 to C$12.00 in a research report on Monday.

CFX opened at C$9.20 on Tuesday. Canfor Pulp Products has a 12-month low of C$7.36 and a 12-month high of C$19.80. The stock has a market cap of $534.92 million and a price-to-earnings ratio of 187.76. The business has a 50 day moving average of C$8.29 and a 200-day moving average of C$9.06. The company has a quick ratio of 0.87, a current ratio of 2.28 and a debt-to-equity ratio of 9.14.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.37) by C($0.13). The firm had revenue of C$216.90 million during the quarter. As a group, analysts expect that Canfor Pulp Products will post 0.43 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 North America, Europe, Asia, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached and unbleached kraft, and coloured kraft papers.

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