Interfor (TSE:IFP) Reaches New 52-Week High – Should You Buy?

Interfor Co. (TSE:IFP)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.11 and last traded at C$13.62, with a volume of 89941 shares trading hands. The stock had previously closed at C$13.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada dropped their target price on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. TD boosted their price objective on Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial upped their price objective on Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.17.

Interfor Price Performance

The company has a current ratio of 2.12, a quick ratio of 1.15 and a debt-to-equity ratio of 77.13. The business’s fifty day moving average is C$12.19 and its 200 day moving average is C$10.75. The firm has a market capitalization of C$914.82 million, a P/E ratio of -2.13 and a beta of 1.63.

Interfor (TSE:IFP) last released its earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The business 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%. As a group, analysts forecast that Interfor Co. 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.