Scotiabank Brokers Increase Earnings Estimates for TSE:CFX

Canfor Pulp Products Inc. (TSE:CFX) – Stock analysts at Scotiabank upped their Q3 2024 EPS estimates for Canfor Pulp Products in a research report issued to clients and investors on Tuesday, October 22nd. Scotiabank analyst B. Isaacson now anticipates that the company will earn ($0.10) per share for the quarter, up from their previous forecast of ($0.14). Scotiabank has a “Sector Perform” rating and a $1.50 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Several other analysts have also recently commented on CFX. Raymond James raised their price objective on shares of Canfor Pulp Products from C$1.75 to C$2.75 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. CIBC decreased their target price on Canfor Pulp Products from C$1.75 to C$1.25 in a research report on Thursday, July 18th. Finally, Royal Bank of Canada decreased their price objective on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor Pulp Products presently has a consensus rating of “Hold” and an average price target of C$1.70.

Canfor Pulp Products Trading Up 3.2 %

Shares of CFX stock opened at C$0.97 on Thursday. The business’s fifty day moving average price is C$0.92 and its 200 day moving average price is C$1.17. The firm has a market capitalization of C$63.27 million, a PE ratio of -0.80, a P/E/G ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. Canfor Pulp Products has a 1-year low of C$0.80 and a 1-year high of C$2.01.

Canfor Pulp Products (TSE:CFX) last issued its earnings results on Thursday, July 25th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.05). Canfor Pulp Products had a negative return on equity of 16.16% and a negative net margin of 6.98%. The business had revenue of C$220.00 million for the quarter, compared to analysts’ expectations of C$229.00 million.

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.