Canfor Pulp Products (TSE:CFX) Trading 30.3% Higher – Should You Buy?

Canfor Pulp Products Inc. (TSE:CFX) shares traded up 30.3% on Thursday . The stock traded as high as C$0.50 and last traded at C$0.50. 382,507 shares were traded during mid-day trading, an increase of 1,238% from the average session volume of 28,598 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CFX shares. Raymond James Financial reduced their target price on Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Royal Bank Of Canada reduced their price objective on Canfor Pulp Products from C$0.50 to C$0.40 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$0.63.

Canfor Pulp Products Stock Up 28.9%

The stock has a market capitalization of C$31.96 million, a price-to-earnings ratio of -3.06, a price-to-earnings-growth ratio of -25.62 and a beta of -0.09. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 57.90. The firm has a 50-day moving average of C$0.39 and a 200 day moving average of C$0.55.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.19) EPS for the quarter. Canfor Pulp Products had a negative net margin of 21.46% and a negative return on equity of 60.52%. The business had revenue of C$164.60 million during the quarter. On average, sell-side analysts anticipate that Canfor Pulp Products Inc. will post 0.12 earnings per share for the current year.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.