Interfor (TSE:IFP) Shares Cross Above 50-Day Moving Average – Should You Sell?

Interfor Co. (TSE:IFP) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$10.06 and traded as high as C$11.60. Interfor shares last traded at C$11.36, with a volume of 295,892 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IFP. TD Securities increased their price objective on shares of Interfor from C$11.00 to C$13.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. 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 dropped their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$14.00 to C$13.00 in a research report on Friday, April 24th. Finally, TD dropped their target price 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interfor currently has an average rating of “Moderate Buy” and an average price target of C$11.83.

Interfor Trading Up 2.3%

The company has a debt-to-equity ratio of 77.13, a current ratio of 2.12 and a quick ratio of 1.15. The stock’s 50-day moving average is C$10.06 and its two-hundred day moving average is C$9.65. The stock has a market cap of C$747.11 million, a P/E ratio of -1.74 and a beta of 1.78.

Interfor (TSE:IFP) last issued its earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share 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 for the quarter. Equities research analysts anticipate that Interfor Co. will post 2.8616667 EPS for the current year.

About Interfor

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.