Canfor Pulp Products (TSE:CFX) Hits New 12-Month Low at $0.80

Canfor Pulp Products Inc. (TSE:CFX) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.80 and last traded at C$0.87, with a volume of 23544 shares. The stock had previously closed at C$0.89.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CFX shares. CIBC dropped their price objective on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research report on Thursday, July 18th. Scotiabank decreased their price target on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada dropped their price objective on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a research note on Thursday, July 11th. Finally, Raymond James lifted their price target on shares of Canfor Pulp Products from C$1.75 to C$2.75 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Canfor Pulp Products presently has a consensus rating of “Hold” and a consensus price target of C$1.70.

Canfor Pulp Products Trading Down 3.4 %

The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 32.11. The firm has a market cap of C$56.10 million, a P/E ratio of -0.71, a price-to-earnings-growth ratio of -25.62 and a beta of 1.35. The business’s 50 day moving average is C$0.95 and its 200-day moving average is C$1.31.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Thursday, July 25th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.05). The company had revenue of C$220.00 million for the quarter, compared to the consensus estimate of C$229.00 million. Canfor Pulp Products had a negative return on equity of 16.16% and a negative net margin of 6.98%. As a group, analysts forecast that Canfor Pulp Products Inc. will post 0.12 earnings per share for the current fiscal year.

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.