Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

Interfor Co. (TSE:IFP) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$12.50.

Several equities analysts have weighed in on the company. TD raised their price target on Interfor from C$10.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Royal Bank Of Canada decreased their price objective 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. Finally, Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from C$14.00 to C$13.00 in a report on Friday, April 24th.

Interfor Stock Down 1.9%

IFP opened at C$12.56 on Friday. The company has a market capitalization of C$826.03 million, a PE ratio of -1.92 and a beta of 1.61. The firm has a 50-day simple moving average of C$11.62 and a two-hundred day simple moving average of C$10.53. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13. Interfor has a 52 week low of C$7.05 and a 52 week high of C$14.00.

Interfor (TSE:IFP) last issued its earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. The firm had revenue of C$643.20 million during the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%. Analysts forecast that Interfor will post 2.8616667 earnings per share 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.