Interfor Co. (TSE:IFP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Interfor Co. (TSE:IFP) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$11.83.

Several brokerages have recently issued reports on IFP. TD reduced their price target on shares of Interfor from C$12.00 to C$10.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Raymond James Financial cut shares of Interfor from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from C$14.00 to C$13.00 in a report on Friday, April 24th. Canadian Imperial Bank of Commerce raised shares of Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Royal Bank Of Canada reduced their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th.

Interfor Trading Down 3.3%

Shares of IFP stock traded down C$0.43 on Tuesday, hitting C$12.72. The stock had a trading volume of 54,922 shares, compared to its average volume of 313,238. The company’s 50 day moving average price is C$10.67 and its 200-day moving average price is C$10.10. Interfor has a 1 year low of C$7.05 and a 1 year high of C$13.72. The company has a debt-to-equity ratio of 77.13, a current ratio of 2.12 and a quick ratio of 1.15. The firm has a market capitalization of C$836.56 million, a P/E ratio of -1.94 and a beta of 1.61.

Interfor (TSE:IFP) last announced its earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The firm had revenue of C$643.20 million for the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. Analysts anticipate that Interfor will post 2.8616667 earnings per share for the current 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.