Canfor Pulp Products (TSE:CFX) Rating Lowered to Market Perform at Raymond James Financial

Canfor Pulp Products (TSE:CFX) was downgraded by Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$0.50 price target on the stock, down from their previous price target of C$0.75. Raymond James Financial’s price objective indicates a potential downside of 13.79% from the company’s previous close.

Separately, Royal Bank Of Canada boosted their price objective on shares of Canfor Pulp Products from C$0.40 to C$0.50 and gave the stock a “sector perform” rating in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Canfor Pulp Products has an average rating of “Hold” and an average target price of C$0.58.

Canfor Pulp Products Stock Up 3.6%

Shares of TSE CFX traded up C$0.02 on Wednesday, hitting C$0.58. The company had a trading volume of 474,705 shares, compared to its average volume of 91,898. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. Canfor Pulp Products has a 12-month low of C$0.33 and a 12-month high of C$0.88. The firm has a market capitalization of C$37.84 million, a P/E ratio of -3.63, a PEG ratio of -25.62 and a beta of 0.04. The business has a 50 day moving average of C$0.45 and a two-hundred day moving average of C$0.51.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.19) EPS for the quarter. Canfor Pulp Products had a negative return on equity of 60.52% and a negative net margin of 21.46%.The company had revenue of C$164.60 million for the quarter. As a group, equities research analysts forecast that Canfor Pulp Products will post 0.12 earnings per share for the current fiscal year.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.