Canfor Pulp Products (TSE:CFX) Hits New 52-Week Low at $10.75

Shares of Canfor Pulp Products Inc (TSE:CFX) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$10.75 and last traded at C$10.77, with a volume of 18301 shares trading hands. The stock had previously closed at C$10.86.

A number of equities research analysts have issued reports on the company. CIBC cut their target price on Canfor Pulp Products from C$18.00 to C$15.00 in a research note on Friday, June 7th. Royal Bank of Canada cut their target price on Canfor Pulp Products from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 2nd. TD Securities cut their target price on Canfor Pulp Products from C$18.00 to C$16.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Finally, Raymond James cut their target price on Canfor Pulp Products from C$22.00 to C$21.00 in a research note on Monday, April 22nd.

The company has a debt-to-equity ratio of 4.38, a current ratio of 2.03 and a quick ratio of 0.74. The company has a market cap of $700.80 million and a P/E ratio of 5.35. The business’s 50 day simple moving average is C$11.58.

Canfor Pulp Products (TSE:CFX) last posted its earnings results on Wednesday, May 1st. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.09). The business had revenue of C$304.00 million during the quarter. As a group, research analysts forecast that Canfor Pulp Products Inc will post 1.6399999 earnings per share for the current fiscal year.

Canfor Pulp Products Company Profile (TSE:CFX)

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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