Raymond James Equities Analysts Increase Earnings Estimates for Canfor Pulp Products Inc. (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Analysts at Raymond James raised their FY2024 earnings estimates for Canfor Pulp Products in a note issued to investors on Wednesday, May 1st. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of ($0.04) per share for the year, up from their previous forecast of ($0.39). Raymond James currently has a “Outperform” rating and a $2.75 price objective on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Other analysts have also recently issued research reports about the stock. Scotiabank set a C$2.00 target price on shares of Canfor Pulp Products and gave the company a “sector perform” rating in a report on Monday, January 22nd. TD Securities reduced their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on shares of 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 Friday, April 19th. Finally, CIBC cut their price target on 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canfor Pulp Products has a consensus rating of “Hold” and a consensus target price of C$1.95.

Canfor Pulp Products Stock Performance

Shares of CFX opened at C$1.53 on Monday. Canfor Pulp Products has a 1 year low of C$1.30 and a 1 year high of C$2.48. The stock has a market capitalization of C$99.80 million, a PE ratio of -1.04, a PEG ratio of -25.62 and a beta of 1.37. 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 stock has a 50-day simple moving average of C$1.59 and a 200-day simple moving average of C$1.65.

Canfor Pulp Products (TSE:CFX) last released its 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. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%. The firm had revenue of C$193.90 million during the quarter.

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.