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

Shares of Canfor Co. (OTCMKTS:CFPZF) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Four investment 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 brokerages recently commented on CFPZF. Raymond James Financial upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, September 15th. TD Securities reissued a “buy” rating on shares of Canfor in a report on Friday, July 31st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canfor in a research note on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Canfor in a research note on Tuesday, August 4th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Canfor in a research note on Thursday, August 13th.

Canfor Price Performance

Shares of CFPZF stock opened at $10.52 on Tuesday. The firm has a fifty day moving average of $10.66 and a 200-day moving average of $10.13. Canfor has a 12-month low of $7.83 and a 12-month high of $11.85.

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.