Canfor Co. (OTCMKTS:CFPZF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

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

Several equities analysts recently issued reports on the company. Raymond James Financial raised 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. TD Securities reaffirmed a “buy” rating on shares of Canfor in a research report on Friday, July 31st. Scotiabank reiterated a “sector perform” rating on shares of Canfor in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canfor in a research report on Friday, July 31st.

Canfor Stock Performance

Shares of OTCMKTS CFPZF opened at $10.53 on Friday. The firm’s 50 day moving average price is $10.79 and its 200-day moving average price is $9.99. Canfor has a 52-week low of $7.83 and a 52-week high of $11.85.

Canfor Company Profile

Canfor Corporation is a Canadian forest products company headquartered in Vancouver, British Columbia. Founded in 1938, the company has grown into a major producer of lumber and other wood products, serving construction, manufacturing, retail and industrial customers.

Canfor’s products include softwood lumber made from species such as spruce, pine and fir, as well as Southern Yellow Pine lumber produced through its operations in the U.S. South. The company also has interests in pulp and paper manufacturing through Canfor Pulp, which produces northern bleached softwood kraft pulp and related products.

Canfor operates manufacturing facilities and timber-resource interests primarily in British Columbia, Alberta and the southern United States.