Canfor Co. (CFPZF) – What Are Investment Firms Saying About This Stock?

Shares of Canfor Co. (OTCMKTS:CFPZF) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently issued reports on CFPZF. TD Securities reaffirmed a “buy” rating on shares of Canfor in a research note on Friday, July 31st. Scotiabank reiterated a “sector perform” rating on shares of Canfor in a report on Tuesday, August 4th. BMO Capital Markets reissued a “market perform” rating on shares of Canfor in a research report on Thursday, August 13th. Raymond James Financial upgraded Canfor from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Canfor in a report on Friday, July 31st.

Canfor Stock Down 2.6%

Shares of OTCMKTS:CFPZF opened at $10.59 on Tuesday. Canfor has a 12 month low of $7.83 and a 12 month high of $11.85. The company has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.12.

About Canfor

Canfor Corporation is a Canadian forest products company that manufactures and sells lumber, pulp, paper, and related wood products. Its lumber portfolio includes dimension lumber and specialty products made from species such as spruce, pine, fir, and southern yellow pine, serving residential construction, industrial, packaging, and other end markets.

The company operates sawmills and manufacturing facilities in Canada and the United States, along with additional international operations and sales channels.