Interfor Co. (TSE:IFP) Stock Has Average Price Target of C$14.17 According to Brokerages

Interfor Co. (TSE:IFP) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$14.17.

A number of analysts recently weighed in on IFP shares. TD upped their target price on shares of Interfor from C$14.00 to C$16.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and raised their price target for the company from C$17.00 to C$21.00 in a report on Tuesday, September 15th.

Interfor Stock Performance

TSE:IFP opened at C$13.33 on Thursday. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96. Interfor has a 52-week low of C$7.05 and a 52-week high of C$15.74. The firm has a market cap of C$876.67 million, a price-to-earnings ratio of -1.98 and a beta of 1.58. The business’s fifty day moving average is C$14.21 and its 200 day moving average is C$12.13.

Interfor (TSE:IFP) last issued its earnings results on Thursday, August 6th. The company reported C$0.02 EPS 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$804.40 million during the quarter. Research analysts predict that Interfor will post 2.86 EPS for the current year.

About Interfor

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.