Canfor Pulp Products (TSE:CFX) Stock Price Crosses Above Two Hundred Day Moving Average of $12.15
Canfor Pulp Products Inc (TSE:CFX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.15 and traded as high as $9.81. Canfor Pulp Products shares last traded at $9.73, with a volume of 21,257 shares trading hands.
Several equities analysts have weighed in on the company. Raymond James dropped their price objective on Canfor Pulp Products from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. TD Securities upgraded Canfor Pulp Products from a “hold” rating to a “buy” rating and raised their price objective for the company from C$11.00 to C$13.00 in a research note on Tuesday, August 13th. Royal Bank of Canada dropped their price objective on Canfor Pulp Products from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Finally, CIBC dropped their price objective on Canfor Pulp Products from C$15.00 to C$13.00 in a research note on Friday, July 5th.
The company has a market capitalization of $576.82 million and a P/E ratio of 7.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 2.16. The stock has a 50 day moving average price of C$9.16 and a 200 day moving average price of C$12.15.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Tuesday, August 6th. Canfor Pulp Products’s payout ratio is 20.78%.
About Canfor Pulp Products (TSE:CFX)
Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in North America, Europe, Asia, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached and unbleached kraft, and coloured kraft papers.
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