Canfor Pulp Products (TSE:CFX) Hits New 12-Month Low at $0.90

Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.90 and last traded at C$0.91, with a volume of 6500 shares trading hands. The stock had previously closed at C$0.91.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada reduced 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. Scotiabank reduced 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 research report on Tuesday, July 30th. Raymond James upped their price objective on 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. CIBC cut their target price on Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Finally, TD Securities decreased their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor Pulp Products has an average rating of “Hold” and a consensus price target of C$1.70.

Canfor Pulp Products Stock Performance

The company has a debt-to-equity ratio of 33.65, a quick ratio of 0.73 and a current ratio of 0.98. The stock has a market cap of C$58.05 million, a PE ratio of -0.73, a price-to-earnings-growth ratio of -25.62 and a beta of 1.40. The firm has a fifty day moving average price of C$1.19 and a 200 day moving average price of C$1.45.

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.