Royal Bank of Canada Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$1.25

Canfor Pulp Products (TSE:CFX) had its target price decreased by Royal Bank of Canada from C$1.50 to C$1.25 in a research note released on Thursday morning, BayStreet.CA reports.

CFX has been the subject of several other reports. TD Securities reduced their target price on Canfor Pulp Products from C$2.00 to C$1.75 and set a hold rating for the company in a research note on Tuesday, April 16th. Raymond James lifted their target price on Canfor Pulp Products from C$2.40 to C$2.75 and gave the stock an outperform rating in a research note on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Canfor Pulp Products currently has an average rating of Hold and a consensus price target of C$1.90.

Canfor Pulp Products Stock Down 3.8 %

CFX stock opened at C$1.00 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 33.65. The business has a 50 day moving average price of C$1.38 and a two-hundred day moving average price of C$1.55. The company has a market cap of C$65.23 million, a price-to-earnings ratio of -0.82, a P/E/G ratio of -25.62 and a beta of 1.40. Canfor Pulp Products has a twelve month low of C$0.99 and a twelve month high of C$2.36.

Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$222.30 million during the quarter. Canfor Pulp Products had a negative net margin of 9.33% and a negative return on equity of 21.31%. Analysts anticipate that Canfor Pulp Products will post 0.12 EPS for the current fiscal year.

About Canfor Pulp Products

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.