RBC Capital Reaffirms Their Hold Rating on Canfor Pulp Products (CFX)

In a new note to investors today, an analyst has provided a rating update for Canfor Pulp Products (CFX). Analyst Paul Quinn from RBC Capital rated Canfor Pulp Products (CFX) a Hold, setting a C$17 price target.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 14.1% and a 67.2% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.

Currently, the analyst consensus on Canfor Pulp Products is a Moderate Buy with an average price target of C$20.50.

Canfor Pulp Products’ market cap is currently C$963.1M and has a P/E ratio of 5.4. The company has a Price to Book ratio of 1.61.

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 Friday at C$14.60, close to its 52-week low of C$14.15.

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