Analysts Set Interfor Co. (TSE:IFP) PT at C$11.83

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$11.83.

Several equities analysts have commented on IFP shares. TD lowered their price target on Interfor from C$12.00 to C$10.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Royal Bank Of Canada lowered their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. TD Securities increased their price target on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Raymond James Financial downgraded Interfor from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$14.00 to C$13.00 in a report on Friday, April 24th.

Interfor Price Performance

Shares of IFP opened at C$11.11 on Friday. The firm has a market cap of C$730.67 million, a PE ratio of -1.70 and a beta of 1.78. The firm’s 50 day moving average price is C$10.04 and its 200 day moving average price is C$9.64. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12. Interfor has a twelve month low of C$7.05 and a twelve month high of C$13.72.

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