Could Canfor Pulp Products Inc Change Direction After Today’s Huge Decline?

 Could Canfor Pulp Products Inc Change Direction After Today's Huge Decline?

The stock of Canfor Pulp Products Inc (TSE:CFX) is a huge mover today! About 26,740 shares traded hands. Canfor Pulp Products Inc (TSE:CFX) has declined 15.80% since April 5, 2016 and is downtrending. It has underperformed by 20.58% the S&P500.
The move comes after 5 months negative chart setup for the $631.35 million company. It was reported on Nov, 9 by Barchart.com. We have $8.93 PT which if reached, will make TSE:CFX worth $44.19 million less.

Canfor Pulp Products Inc (TSE:CFX) Ratings Coverage

Out of 4 analysts covering Canfor Pulp Products (TSE:CFX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $30 is the highest target while $11 is the lowest. The $12.85 average target is 33.85% above today’s ($9.6) stock price. Canfor Pulp Products has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Raymond James on Wednesday, January 27. The company was downgraded on Tuesday, January 12 by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, September 29. The firm earned “Buy” rating on Friday, October 28 by TD Securities. On Wednesday, September 9 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Raymond James upgraded the shares of CFX in a report on Wednesday, August 26 to “Strong Buy” rating. RBC Capital Markets maintained Canfor Pulp Products Inc (TSE:CFX) on Thursday, October 27 with “Sector Perform” rating. The stock of Canfor Pulp Products Inc (TSE:CFX) earned “Outperform” rating by Scotia Capital on Thursday, October 27.

More news for Canfor Pulp Products Inc (TSE:CFX) were recently published by: Theglobeandmail.com, which released: “The Globe and Mail” on January 09, 2011. Prnewswire.com‘s article titled: “Canfor Pulp Products Inc. and Licella Fibre Fuels Pty. Ltd. enter into a …” and published on May 27, 2016 is yet another important article.

Canfor Pulp Products Inc. is a Canada supplier of pulp and paper products with the activities based in the central interior of British Columbia. The company has a market cap of $631.35 million. The Firm operates in two divisions: Pulp and Paper. It has a 8.48 P/E ratio. The Company’s Pulp segment includes its approximately four pulp mills, such as the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.

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