Canfor Pulp Products Inc. (TSE:CFX – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.04 and last traded at C$1.05, with a volume of 32985 shares changing hands. The stock had previously closed at C$1.06.
Analyst Ratings Changes
CFX has been the topic of several research reports. Raymond James boosted their price target on Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a research note on Friday, April 19th. Royal Bank of Canada lowered their price target on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research note on Friday, April 19th. CIBC decreased their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating on the stock in a report on Friday, March 8th. Finally, TD Securities decreased their price objective on 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$1.95.
Canfor Pulp Products Stock Up 4.8 %
Canfor Pulp Products (TSE:CFX – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported C($0.04) EPS for the quarter. The business had revenue of C$222.30 million for the quarter. Canfor Pulp Products had a negative net margin of 9.33% and a negative return on equity of 21.31%. On average, research analysts forecast that Canfor Pulp Products Inc. will post 0.12 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 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.
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