Raymond James Weighs in on Canfor Pulp Products Inc’s Q3 2019 Earnings (TSE:CFX)

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Canfor Pulp Products Inc (TSE:CFX) – Analysts at Raymond James lowered their Q3 2019 EPS estimates for shares of Canfor Pulp Products in a research note issued on Wednesday, October 16th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of ($0.37) for the quarter, down from their previous estimate of ($0.28). Raymond James has a “Outperform” rating and a $19.00 price objective on the stock. Raymond James also issued estimates for Canfor Pulp Products’ Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.06) EPS.

Canfor Pulp Products (TSE:CFX) last posted its earnings results on Thursday, July 25th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.07). The firm had revenue of C$319.50 million for the quarter.

CFX has been the topic of a number of other reports. TD Securities raised shares of Canfor Pulp Products from a “hold” rating to a “buy” rating and raised their price target for the stock from C$11.00 to C$13.00 in a research report on Tuesday, August 13th. Royal Bank of Canada lowered their price target on shares of Canfor Pulp Products from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Finally, CIBC lowered their price target on shares of Canfor Pulp Products from C$13.00 to C$11.00 in a research report on Friday, October 11th.

TSE:CFX opened at C$9.45 on Monday. Canfor Pulp Products has a 52 week low of C$8.66 and a 52 week high of C$24.47. The firm has a market cap of $607.49 million and a price-to-earnings ratio of 7.86. The firm’s 50-day simple moving average is C$9.29 and its 200 day simple moving average is C$10.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 2.16.

About Canfor Pulp Products

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.

See Also: Beige Book

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