By: Business Standard Tribune
The stock of Canfor Pulp Products Inc (TSE:CFX) is a huge mover today! The stock increased 8.71% or $0.96 on February 29, hitting $11.98. About 38,146 shares traded hands. Canfor Pulp Products Inc (TSE:CFX) has declined 17.27% since July 23, 2015 and is downtrending. It has underperformed by 10.18% the S&P500. The move comes after 5 months positive chart setup for the $832.85M company. It was reported on Mar, 1 by Barchart.com. We have $16.89 PT which if reached, will make TSE:CFX worth $341.47 million more.
Out of 5 analysts covering Canfor Pulp Products (TSE:CFX), 4 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $11.28 is the highest target while $8.88 is the lowest. The $10.36 average target is 27.30% above today’s ($11.98) stock price. Canfor Pulp Products was the topic in 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock on January 27 to “Outperform” rating.
Canfor Pulp Products Inc is a Canada supplier of pulp and paper products with activities in the central interior of British Columbia. The company has a market cap of $832.85 million. It operates in two divisions: Pulp and Paper. It has 7.88 P/E ratio. The Pulp line includes four pulp mills: the Northwood Pulp Mill, which is a two line mill with annual production capacity of approximately 600,000 tons of Northern Bleached Softwood Kraft (NBSK) pulp; the Intercontinental Pulp Mill, which is a single line pulp mill with annual production capacity of approximately 320,000 tons of NBSK pulp; the Prince George Pulp and Paper Mill, which is an integrated two line pulp and paper mill with an annual market pulp production capacity of approximately 145,000 tons, and the Taylor Pulp Mill, which has an annual capacity of approximately 220,000 tons of Bleached Chemi-Thermo-Mechanical Pulp (BCTMP).