Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

Interfor Co. (TSE:IFP) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$12.17.

A number of equities research analysts have recently issued reports on IFP shares. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. TD Securities upped their price target on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Raymond James Financial lowered Interfor from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$14.00 to C$13.00 in a research report on Friday, April 24th. TD dropped their price target on Interfor from C$13.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, April 16th. Finally, Scotiabank upgraded Interfor from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$13.00 to C$14.00 in a report on Monday, January 26th.

Interfor Price Performance

TSE:IFP opened at C$8.57 on Monday. Interfor has a 12 month low of C$7.05 and a 12 month high of C$13.72. The stock has a 50 day moving average of C$9.63 and a two-hundred day moving average of C$9.29. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 68.89. The firm has a market cap of C$563.62 million, a P/E ratio of -1.37 and a beta of 1.70.

Interfor (TSE:IFP) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. The company had revenue of C$643.20 million during the quarter. Interfor had a negative net margin of 12.27% and a negative return on equity of 25.24%. On average, analysts expect that Interfor will post 2.8616667 earnings per share for the current fiscal year.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.