Interfor Co. (TSE:IFP) Stock Has Average Price Target of C$14.00

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$14.00.

Several equities research analysts have recently commented on IFP shares. Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$17.00 to C$21.00 in a report on Tuesday, September 15th. TD dropped their price objective on shares of Interfor from C$16.00 to C$15.00 and set a “hold” rating on the stock in a research note on Wednesday, October 14th.

Interfor Stock Performance

IFP stock opened at C$13.52 on Monday. The company has a debt-to-equity ratio of 71.48, a current ratio of 1.96 and a quick ratio of 1.15. The business has a 50-day moving average price of C$13.95 and a 200 day moving average price of C$11.83. The company has a market capitalization of C$889.17 million, a P/E ratio of -2.01 and a beta of 1.41. Interfor has a 1-year low of C$7.05 and a 1-year high of C$15.74.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, November 5th. The company reported C($0.69) earnings per share for the quarter. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. The business had revenue of C$832.10 million during the quarter. As a group, equities research analysts forecast that Interfor will post 2.86 EPS for the current fiscal year.

Interfor Company Profile

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.