Raymond James Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$20.00

Canfor Pulp Products (TSE:CFX) had its target price cut by Raymond James from C$21.00 to C$20.00 in a research report released on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Canfor Pulp Products’ Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.15 EPS, FY2019 earnings at $1.12 EPS and FY2020 earnings at $2.18 EPS.

Other analysts also recently issued research reports about the company. CIBC boosted their price objective on Norbord from C$31.00 to C$35.00 in a report on Friday, July 5th. TD Securities cut their price objective on WPX Energy from $19.00 to $18.50 and set a buy rating on the stock in a report on Thursday, May 2nd. Finally, Royal Bank of Canada restated a sector perform rating and set a GBX 485 ($6.34) price objective on shares of in a report on Tuesday, July 9th.

TSE CFX opened at C$10.51 on Tuesday. The business’s 50-day moving average is C$10.75. The company has a current ratio of 2.03, a quick ratio of 0.74 and a debt-to-equity ratio of 4.38. The firm has a market cap of $648.60 million and a P/E ratio of 5.24. Canfor Pulp Products has a 1 year low of C$9.59 and a 1 year high of C$28.12.

Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.26 by C($0.09). The business had revenue of C$304.00 million during the quarter. On average, research analysts forecast that Canfor Pulp Products will post 1.54 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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