Interfor (TSE:IFP) Stock Price Up 12.6% – Time to Buy?

Interfor Co. (TSE:IFP) shares shot up 12.6% during trading on Tuesday . The company traded as high as C$8.22 and last traded at C$8.22. 213,883 shares were traded during trading, a decline of 24% from the average session volume of 281,105 shares. The stock had previously closed at C$7.30.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IFP shares. Raymond James Financial decreased their target price on Interfor from C$19.00 to C$15.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. TD Securities reduced their price objective on Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. CIBC decreased their price target on shares of Interfor from C$10.00 to C$9.00 in a research note on Tuesday, November 11th. Royal Bank Of Canada dropped their price objective on shares of Interfor from C$17.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Finally, Scotiabank cut their price objective on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. Two 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$13.60.

Interfor Stock Up 10.3%

The company has a market cap of C$529.34 million, a PE ratio of -1.43 and a beta of 2.38. The firm’s fifty day simple moving average is C$8.97 and its 200-day simple moving average is C$11.54. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Interfor (TSE:IFP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($4.19) EPS for the quarter. Interfor had a negative net margin of 13.82% and a negative return on equity of 25.85%. The company had revenue of C$689.30 million for the quarter. As a group, equities research analysts expect that Interfor Co. 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.