Interfor (TSE:IFP) Sets New 12-Month High – Here’s Why

Interfor Co. (TSE:IFP)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$13.63 and last traded at C$13.57, with a volume of 117464 shares traded. The stock had previously closed at C$12.52.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Raymond James Financial downgraded Interfor from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from C$14.00 to C$13.00 in a research 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. Royal Bank Of Canada lowered their price target 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. Finally, TD dropped their price target on shares of Interfor from C$12.00 to C$10.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Interfor currently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Interfor Price Performance

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’s 50-day moving average is C$10.91 and its 200-day moving average is C$10.25. The company has a market cap of C$885.22 million, a PE ratio of -2.06 and a beta of 1.61.

Interfor (TSE:IFP) last released 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 return on equity of 28.72% and a negative net margin of 13.73%.The company had revenue of C$643.20 million during the quarter. On average, equities analysts anticipate that Interfor Co. will post 2.8616667 EPS for the current 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.