Interfor (TSE:IFP) Price Target Raised to C$16.00

Interfor (TSE:IFP) had its target price raised by TD from C$14.00 to C$16.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently issued reports on the company. Raymond James Financial boosted their target price on Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Royal Bank Of Canada dropped their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

Interfor Trading Down 2.8%

IFP opened at C$14.38 on Monday. The firm’s fifty day moving average is C$12.49 and its two-hundred day moving average is C$10.87. The firm has a market cap of C$945.73 million, a PE ratio of -2.13 and a beta of 1.63. Interfor has a twelve month low of C$7.05 and a twelve month high of C$15.09. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. Interfor had a negative net margin of 13.98% and a negative return on equity of 30.64%. The firm had revenue of C$643.20 million during the quarter. Equities research analysts anticipate that Interfor will post 2.8616667 EPS for the current year.

About Interfor

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.