CIBC Increases Canfor Pulp Products (CFX) Price Target to C$21.00

Canfor Pulp Products (TSE:CFX) had its price objective upped by analysts at CIBC from C$20.00 to C$21.00 in a research note issued to investors on Tuesday. CIBC’s price target points to a potential upside of 20.14% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Scotiabank boosted their target price on Canfor Pulp Products from C$13.75 to C$14.25 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. TD Securities upped their price objective on Canfor Pulp Products from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada upped their price objective on Canfor Pulp Products from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. Finally, Raymond James Financial upped their price objective on Canfor Pulp Products from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$17.45.

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Shares of TSE:CFX traded up C$0.11 during trading on Tuesday, hitting C$17.48. 21,923 shares of the company were exchanged, compared to its average volume of 28,813. Canfor Pulp Products has a fifty-two week low of C$11.15 and a fifty-two week high of C$17.60.

Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.73 earnings per share for the quarter. The firm had revenue of C$322.90 million for the quarter. Canfor Pulp Products had a return on equity of 10.00% and a net margin of 4.42%.

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Canfor Pulp Products Company Profile

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products worldwide. 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. The company also supplies fiber products; and produces green energy.

Analyst Recommendations for Canfor Pulp Products (TSE:CFX)

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