TD Securities Lowers Canfor Pulp Products (TSE:CFX) Price Target to C$1.75

Canfor Pulp Products (TSE:CFX) had its price target cut by TD Securities from C$2.00 to C$1.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 15.13% from the company’s previous close.

CFX has been the topic of a number of other research reports. CIBC decreased their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Scotiabank set a C$2.00 price target on shares of Canfor Pulp Products and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$2.12.

Canfor Pulp Products Price Performance

CFX stock opened at C$1.52 on Tuesday. Canfor Pulp Products has a one year low of C$1.30 and a one year high of C$2.48. The company’s fifty day moving average price is C$1.59 and its 200-day moving average price is C$1.69. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94. The company has a market capitalization of C$99.15 million, a PE ratio of -1.03, a price-to-earnings-growth ratio of -25.62 and a beta of 1.37.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.33) by C$0.13. The company had revenue of C$193.90 million for the quarter. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. On average, equities 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.