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

Shares of Interfor Co. (TSE:IFP) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.17.

IFP has been the topic of several research reports. Raymond James Financial downgraded shares of Interfor from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from C$14.00 to C$13.00 in a research report on Friday, April 24th. Royal Bank Of Canada reduced their price target on shares of 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. TD reduced their price target on shares of Interfor from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Finally, TD Securities upped their target price on shares of Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th.

Interfor Price Performance

Shares of TSE IFP opened at C$8.57 on Monday. The firm’s 50-day simple moving average is C$9.63 and its 200 day simple moving average is C$9.30. The company has a market cap of C$563.62 million, a price-to-earnings ratio of -1.31 and a beta of 1.70. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13. Interfor has a 12-month low of C$7.05 and a 12-month high of C$13.72.

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