Raymond James Thinks Canfor Pulp Products’ Stock is Going to Recover


A Wall Street analyst has provided a review for the Consumer Goods company today, but retained the same rating on the stock. Raymond James’ analyst Daryl Swetlishoff reiterates their Buy rating on the shares of Canfor Pulp Products (CFX), with a C$21 price target.

According to TipRanks.com, Swetlishoff is ranked #5084 out of 5193 analysts.

Canfor Pulp Products has an analyst consensus of Moderate Buy, with a price target consensus of C$19.33.

Based on Canfor Pulp Products’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$14.2 million. In comparison, last year the company had a net profit of C$64.3 million.

Canfor Pulp Products, Inc. engages in the manufacture, supply, and sale of pulp and paper products. It operates through the Pulp and Paper segments. The Pulp segment includes the purchase of residual fibre, and production and sale of pulp products in Northern Bleached Softwood Kraft and Bleached Chemi-Thermo Mechanical Pulp mills.

The company’s shares closed on Thursday at C$14.45, close to its 52-week low of C$14.15.

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