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

Shares of Interfor Co. (TSE:IFP) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$11.83.

A number of research analysts have recently commented on IFP shares. TD reduced their price target on shares of Interfor from C$12.00 to C$10.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$14.00 to C$13.00 in a research report on Friday, April 24th. 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. Finally, Royal Bank Of Canada reduced their price target on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th.

Interfor Stock Up 10.3%

Interfor stock opened at C$13.12 on Tuesday. The firm has a 50 day simple moving average of C$10.41 and a 200 day simple moving average of C$9.93. The firm has a market capitalization of C$862.86 million, a price-to-earnings ratio of -2.01 and a beta of 1.78. 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 1-year low of C$7.05 and a 1-year high of C$13.72.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The firm 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%. On average, analysts predict that Interfor will post 2.8616667 earnings per share 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.