Canfor Pulp Products (TSE:CFX) PT Lowered to C$11.00 at TD Securities

Canfor Pulp Products (TSE:CFX) had its price target cut by TD Securities from C$11.50 to C$11.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on CFX. Royal Bank of Canada reduced their price objective on Canfor Pulp Products from C$13.00 to C$12.00 and set a sector perform rating on the stock in a research note on Friday, July 26th. CIBC reduced their price objective on Canfor Pulp Products from C$15.00 to C$13.00 in a research note on Friday, July 5th. Finally, Raymond James reduced their price objective on Canfor Pulp Products from C$20.00 to C$19.00 and set an outperform rating on the stock in a research note on Friday, July 26th.

Canfor Pulp Products stock opened at C$9.23 on Monday. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $619.88 million and a price-to-earnings ratio of 7.67. The business has a fifty day simple moving average of C$10.46. Canfor Pulp Products has a 52 week low of C$9.17 and a 52 week 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 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, equities analysts forecast that Canfor Pulp Products will post 1.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.063 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.73%. Canfor Pulp Products’s payout ratio is currently 20.78%.

About Canfor Pulp Products

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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