Interfor Co. (TSE:IFP) Given Consensus Rating of “Hold” by Brokerages

Shares of Interfor Co. (TSE:IFP) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$12.60.

Several research firms have recently commented on IFP. Royal Bank Of Canada cut their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. TD Securities cut their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Raymond James Financial lowered their target price on shares of Interfor from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Cibc Captl Mkts lowered shares of Interfor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Finally, CIBC downgraded shares of Interfor from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from C$9.00 to C$8.00 in a research report on Tuesday, December 9th.

Interfor Price Performance

Shares of IFP opened at C$9.26 on Friday. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. Interfor has a fifty-two week low of C$7.05 and a fifty-two week high of C$18.78. The firm has a 50-day simple moving average of C$8.18 and a 200-day simple moving average of C$10.46. The company has a market capitalization of C$608.91 million, a price-to-earnings ratio of -1.64 and a beta of 2.48.

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. On average, equities research analysts anticipate that Interfor will post 2.8616667 earnings per share 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.