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

Shares of Interfor Co. (TSE:IFP) have earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a 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$11.83.

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

Interfor Stock Down 1.6%

IFP opened at C$10.92 on Friday. The company has a market cap of C$718.18 million, a P/E ratio of -1.67 and a beta of 1.70. The business’s 50-day moving average price is C$9.95 and its 200-day moving average price is C$9.52. The company has a current ratio of 2.12, a quick ratio of 1.15 and a debt-to-equity ratio of 77.13. Interfor has a 12 month low of C$7.05 and a 12 month high of C$13.72.

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