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

Shares of Canfor Co. (OTCMKTS:CFPZF) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts have weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canfor in a report on Thursday. Royal Bank Of Canada downgraded shares of Canfor to a “sector perform” rating in a report on Thursday, April 16th. Scotiabank restated a “sector perform” rating on shares of Canfor in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canfor in a research note on Friday, July 31st. Finally, Raymond James Financial cut shares of Canfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd.

Canfor Stock Performance

CFPZF stock traded down $0.08 during mid-day trading on Thursday, hitting $11.18. The company had a trading volume of 147 shares, compared to its average volume of 21,253. Canfor has a 12 month low of $7.83 and a 12 month high of $11.83. The stock’s fifty day moving average price is $10.04 and its two-hundred day moving average price is $9.90.

About Canfor

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.