FY2024 Earnings Forecast for TSE:CFX Issued By Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Stock analysts at Raymond James boosted their FY2024 earnings per share estimates for shares of Canfor Pulp Products in a report issued 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 previous estimate of ($0.33). Raymond James currently has a “Outperform” rating and a $2.75 target price on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Several other analysts also recently commented on CFX. 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 note on Tuesday, July 30th. CIBC lowered their price target on Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Finally, Royal Bank of Canada lowered their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor Pulp Products presently has a consensus rating of “Hold” and a consensus target price of C$1.70.

Canfor Pulp Products Stock Down 4.0 %

CFX opened at C$0.96 on Wednesday. The business has a 50 day moving average price of C$0.92 and a two-hundred day moving average price of C$1.15. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 32.11. The company has a market cap of C$62.62 million, a PE ratio of -0.79, a P/E/G ratio of -25.62 and a beta of 1.33. Canfor Pulp Products has a 52 week low of C$0.80 and a 52 week high of C$2.01.

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.