Canfor Co. (OTCMKTS:CFPZF) Receives Consensus Rating of “Hold” from Brokerages

Canfor Co. (OTCMKTS:CFPZF) has been given an average rating of “Hold” by the six research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

A number of brokerages recently issued reports on CFPZF. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 23rd. Scotiabank reiterated a “sector perform” rating on shares of Canfor in a research note on Tuesday, August 4th. TD Securities reaffirmed a “buy” rating on shares of Canfor in a research note on Friday, July 31st. BMO Capital Markets restated a “market perform” rating on shares of Canfor in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canfor in a research note on Friday, July 31st.

Canfor Stock Up 4.5%

Shares of CFPZF opened at $10.99 on Thursday. Canfor has a 12-month low of $7.83 and a 12-month high of $11.83. The firm’s 50 day moving average is $10.14 and its 200-day moving average is $9.90.

Canfor Company Profile

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.