Scotiabank Lifts Earnings Estimates for Canfor Pulp Products

Canfor Pulp Products Inc. (TSE:CFX) – Investment analysts at Scotiabank lifted their FY2024 earnings per share estimates for shares of Canfor Pulp Products in a research report issued on Tuesday, October 29th. Scotiabank analyst B. Isaacson now expects that the company will earn ($0.29) per share for the year, up from their previous estimate of ($0.44). Scotiabank has a “Sector Perform” rating and a $1.50 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Scotiabank also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.08) EPS and FY2026 earnings at ($0.13) EPS.

Several other equities research analysts also recently weighed in on CFX. CIBC cut their target price on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Raymond James upped their price objective on Canfor Pulp Products from C$1.75 to C$2.75 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada decreased their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$1.70.

Canfor Pulp Products Stock Up 2.1 %

Shares of TSE:CFX opened at C$0.98 on Thursday. The firm’s 50-day moving average is C$0.93 and its two-hundred day moving average is C$1.15. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. Canfor Pulp Products has a 1 year low of C$0.80 and a 1 year high of C$2.01. The firm has a market capitalization of C$63.93 million, a PE ratio of -0.79, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33.

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.