Canfor Pulp Products (TSE:CFX) Share Price Crosses Above Two Hundred Day Moving Average of $12.15

Canfor Pulp Products Inc (TSE:CFX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.15 and traded as high as $9.81. Canfor Pulp Products shares last traded at $9.73, with a volume of 21,257 shares changing hands.

A number of research analysts recently issued reports on CFX shares. CIBC dropped their price objective on shares of Canfor Pulp Products from C$15.00 to C$13.00 in a report on Friday, July 5th. Royal Bank of Canada dropped their price objective on shares of Canfor Pulp Products from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. TD Securities upgraded shares of Canfor Pulp Products from a “hold” rating to a “buy” rating and raised their price objective for the company from C$11.00 to C$13.00 in a report on Tuesday, August 13th. Finally, Raymond James dropped their price objective on shares of Canfor Pulp Products from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, July 26th.

The firm has a market cap of $576.82 million and a price-to-earnings ratio of 7.96. The business’s 50-day simple moving average is C$9.16 and its two-hundred day simple moving average is C$12.15. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53.

Canfor Pulp Products (TSE:CFX) last released its earnings results on Thursday, July 25th. The company reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.07). The business had revenue of C$319.50 million for the quarter. On average, analysts forecast that Canfor Pulp Products Inc will post 1.0299999 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, August 6th. Canfor Pulp Products’s dividend payout ratio is presently 20.78%.

Canfor Pulp Products Company Profile (TSE:CFX)

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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