Canfor (CFPZF) Expected to Announce Quarterly Earnings on Tuesday

Canfor (OTCMKTS:CFPZF) is projected to announce its results after the market closes on Tuesday, November 3rd. Analysts expect Canfor to announce earnings of ($0.1253) per share and revenue of $1.00 billion for the quarter.

Canfor Trading Up 1.7%

Canfor stock opened at $11.06 on Tuesday. Canfor has a one year low of $7.83 and a one year high of $11.85. The stock has a fifty day moving average of $10.66 and a 200 day moving average of $10.09.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CFPZF shares. TD Securities restated a “buy” rating on shares of Canfor in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canfor in a report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating on shares of Canfor in a research report on Thursday, August 13th. Raymond James Financial upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canfor in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Canfor

Canfor Corporation is a Canadian integrated forest-products company headquartered in Vancouver, British Columbia. Founded in 1938, the company produces and sells lumber, pulp and related wood products for residential construction, industrial, and specialty applications.

Canfor’s product portfolio includes dimensional lumber, engineered and specialty wood products, market pulp, and energy products generated from wood residuals. Its pulp operations are conducted through Canfor Pulp Products Inc, in which Canfor holds a significant ownership interest.

The company serves customers in Canada, the United States, Asia, and other international markets through manufacturing operations and sales networks in North America and overseas.