Scotiabank Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$7.00

Canfor Pulp Products (TSE:CFX) had its price target cut by Scotiabank from C$8.50 to C$7.00 in a research report released on Wednesday, BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. Raymond James dropped their target price on Canfor Pulp Products from C$11.00 to C$9.50 and set an outperform rating on the stock in a report on Monday, December 13th. TD Securities dropped their target price on Canfor Pulp Products from C$7.50 to C$7.00 in a report on Wednesday, January 5th. Royal Bank of Canada lowered Canfor Pulp Products to a hold rating and dropped their price objective for the stock from C$12.00 to C$9.00 in a report on Wednesday, October 20th. Finally, CIBC dropped their price objective on Canfor Pulp Products from C$8.00 to C$7.00 in a report on Monday, January 10th.

TSE:CFX opened at C$6.25 on Wednesday. The firm has a market cap of C$407.71 million and a P/E ratio of 8.77. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 8.96. The stock’s 50 day simple moving average is C$6.36 and its 200-day simple moving average is C$6.70. Canfor Pulp Products has a 12-month low of C$5.90 and a 12-month high of C$11.06.

Canfor Pulp Products (TSE:CFX) last released its earnings results on Tuesday, October 26th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.12 by C$0.07. The company had revenue of C$298.90 million during the quarter. Research analysts forecast that Canfor Pulp Products will post 0.5299999 EPS 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. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached, unbleached, and colored kraft papers.

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