Interfor (TSE:IFP) Stock Price Up 9.3% – Still a Buy?

Interfor Co. (TSE:IFP) shot up 9.3% during trading on Monday . The company traded as high as C$13.17 and last traded at C$13.00. Approximately 286,982 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 315,397 shares. The stock had previously closed at C$11.89.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IFP. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Royal Bank Of Canada cut their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. TD decreased their target price 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. Finally, Raymond James Financial downgraded shares of 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$11.83.

Interfor Stock Performance

The stock has a 50 day moving average of C$10.35 and a 200 day moving average of C$9.89. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13. The firm has a market cap of C$852.34 million, a price-to-earnings ratio of -1.98 and a beta of 1.78.

Interfor (TSE:IFP) last released 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 during the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. As a group, analysts anticipate that Interfor Co. will post 2.8616667 EPS for the current fiscal year.

Interfor Company Profile

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.