FY2024 Earnings Estimate for TSE:CFX Issued By Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of Canfor Pulp Products in a research note issued to investors on Sunday, October 27th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of ($0.29) per share for the year, up from their prior forecast of ($0.33). Raymond James has a “Outperform” rating and a $2.75 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

A number of other research analysts have also issued reports on the company. Scotiabank reduced their price objective on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. CIBC cut their target price on Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Finally, Royal Bank of Canada cut their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$1.70.

Canfor Pulp Products Trading Up 2.1 %

TSE:CFX opened at C$0.98 on Wednesday. Canfor Pulp Products has a 12-month low of C$0.80 and a 12-month high of C$2.01. The firm has a market capitalization of C$63.93 million, a P/E ratio of -0.79, a P/E/G ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. The business has a 50 day simple moving average of C$0.93 and a 200 day simple moving average of C$1.15.

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.