Canfor Pulp Products (TSE:CFX) Given New C$13.00 Price Target at Royal Bank of Canada

Canfor Pulp Products (TSE:CFX) had its price target reduced by Royal Bank of Canada from C$16.00 to C$13.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. CIBC lifted their price target on shares of Norbord from C$31.00 to C$35.00 in a report on Friday, July 5th. TD Securities dropped their price objective on shares of WPX Energy from $19.00 to $18.50 and set a buy rating for the company in a research note on Thursday, May 2nd. Finally, Raymond James reissued a buy rating and issued a $21.00 price objective on shares of Colfax in a research note on Thursday, May 2nd.

Shares of TSE CFX opened at C$9.92 on Tuesday. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.74 and a current ratio of 2.03. The company has a market cap of $700.80 million and a P/E ratio of 4.95. The company has a fifty day moving average of C$11.01. Canfor Pulp Products has a 52-week low of C$9.82 and a 52-week high of C$28.12.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.09). The business had revenue of C$304.00 million for the quarter. As a group, equities analysts anticipate that Canfor Pulp Products will post 1.63 earnings per share for the current fiscal year.

Canfor Pulp Products Company Profile

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.

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