Scotiabank Cuts Canfor Pulp Products Inc (CFX) Price Target to C$12.00
Canfor Pulp Products Inc (TSE:CFX) had its price target lowered by Scotiabank from C$12.50 to C$12.00 in a research note released on Thursday. The firm currently has a sector perform rating on the stock.
A number of other equities analysts have also commented on CFX. TD Securities lowered Canfor Pulp Products from a buy rating to a hold rating and dropped their price target for the company from C$14.00 to C$13.50 in a research note on Thursday, April 27th. Raymond James Financial, Inc. upped their price objective on Canfor Pulp Products from C$14.25 to C$14.50 and gave the company an outperform rating in a research report on Wednesday, April 26th. Finally, CIBC downgraded Canfor Pulp Products from an outperform rating to a neutral rating and reduced their price target for the stock from C$14.00 to C$13.00 in a report on Monday, June 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Canfor Pulp Products currently has an average rating of Hold and an average target price of C$12.80.
Canfor Pulp Products (CFX) opened at 12.32 on Thursday. Canfor Pulp Products has a 1-year low of $9.45 and a 1-year high of $12.94. The stock’s 50 day moving average price is $12.33 and its 200 day moving average price is $11.72. The company has a market cap of $808.94 million and a P/E ratio of 10.68.
Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $280.90 million during the quarter. Canfor Pulp Products had a return on equity of 19.60% and a net margin of 7.79%. On average, equities analysts anticipate that Canfor Pulp Products will post $1.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 14th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.25 dividend on an annualized basis and a yield of 2.03%.
Canfor Pulp Products Company Profile
Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.
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