Canfor Co. (OTCMKTS:CFPZF) Given Average Recommendation of “Hold” by Analysts

Canfor Co. (OTCMKTS:CFPZF) has received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company.

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

Canfor Stock Performance

CFPZF traded down $0.08 during trading hours on Thursday, hitting $11.18. 147 shares of the company’s stock were exchanged, compared to its average volume of 21,253. Canfor has a 1-year low of $7.83 and a 1-year high of $11.83. The stock’s 50-day moving average is $10.04 and its two-hundred 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.