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

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

A number of research analysts have commented on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canfor in a research note on Friday, July 31st. TD Securities reissued a “buy” rating on shares of Canfor in a research report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating on shares of Canfor in a research note on Thursday, August 13th. Raymond James Financial raised shares of Canfor from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canfor in a research note on Tuesday, August 4th.

Canfor Stock Performance

Shares of OTCMKTS:CFPZF opened at $10.14 on Friday. The company has a fifty day simple moving average of $10.81 and a 200 day simple moving average of $10.00. Canfor has a 12-month low of $7.83 and a 12-month 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.