Canfor (CFPZF) Expected to Post Quarterly Earnings on Tuesday

Canfor (OTCMKTS:CFPZF) is projected to announce its results after the market closes on Tuesday, November 3rd. Analysts expect Canfor to post earnings of ($0.1253) per share and revenue of $1.00 billion for the quarter.

Canfor Stock Performance

Shares of OTCMKTS:CFPZF opened at $11.06 on Tuesday. Canfor has a 1-year low of $7.83 and a 1-year high of $11.85. The business has a fifty day moving average price of $10.66 and a 200-day moving average price of $10.09.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James Financial raised shares of Canfor from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canfor in a report on Thursday, August 13th. Scotiabank reiterated a “sector perform” rating on shares of Canfor in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canfor in a report on Friday, July 31st. Finally, TD Securities reiterated a “buy” rating on shares of Canfor in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Canfor currently has an average rating of “Moderate Buy”.

Canfor Company Profile

Canfor Corporation is a Canadian integrated forest-products company headquartered in Vancouver, British Columbia. Founded in 1938, the company produces and sells lumber, pulp and related wood products for residential construction, industrial, and specialty applications.

Canfor’s product portfolio includes dimensional lumber, engineered and specialty wood products, market pulp, and energy products generated from wood residuals. Its pulp operations are conducted through Canfor Pulp Products Inc, in which Canfor holds a significant ownership interest.

The company serves customers in Canada, the United States, Asia, and other international markets through manufacturing operations and sales networks in North America and overseas.