Canfor Pulp Products (TSE:CFX) Sets New 12-Month Low at $0.90

Canfor Pulp Products Inc. (TSE:CFX) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.90 and last traded at C$0.91, with a volume of 6500 shares changing hands. The stock had previously closed at C$0.91.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CFX. Royal Bank of Canada cut their target price on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a research report on Thursday, July 11th. Scotiabank reduced their price objective on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 30th. CIBC dropped their target price on Canfor Pulp Products from C$1.75 to C$1.25 in a research report on Thursday, July 18th. TD Securities cut their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Raymond James upped their price objective on 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Canfor Pulp Products presently has a consensus rating of “Hold” and an average target price of C$1.70.

Canfor Pulp Products Stock Performance

The stock has a market cap of C$58.05 million, a price-to-earnings ratio of -0.73, a P/E/G ratio of -25.62 and a beta of 1.40. The company’s fifty day simple moving average is C$1.19 and its two-hundred day simple moving average is C$1.45. The company has a debt-to-equity ratio of 33.65, a current ratio of 0.98 and a quick ratio of 0.73.

About Canfor Pulp Products

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.