Interfor (TSE:IFP) Stock Passes Below 200-Day Moving Average of $20.47

Interfor Co. (TSE:IFP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.47 and traded as low as C$17.77. Interfor shares last traded at C$17.91, with a volume of 113,569 shares.

Analyst Upgrades and Downgrades

IFP has been the topic of several analyst reports. TD Securities upgraded shares of Interfor from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$27.00 to C$25.00 in a research note on Monday, February 12th. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. CIBC decreased their price objective on shares of Interfor from C$25.00 to C$24.00 in a report on Thursday, April 11th. Royal Bank of Canada decreased their price objective on shares of Interfor from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, BMO Capital Markets decreased their price objective on shares of Interfor from C$29.00 to C$27.00 in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$27.17.

Interfor Price Performance

The stock has a market capitalization of C$921.47 million, a PE ratio of -3.45 and a beta of 2.61. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 54.21. The firm’s fifty day moving average price is C$19.74 and its two-hundred day moving average price is C$20.47.

Interfor (TSE:IFP) last issued its quarterly earnings data on Thursday, February 8th. The company reported C($3.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. The business had revenue of C$785.90 million for the quarter. On average, equities analysts predict that Interfor Co. will post 2.8616667 earnings per share for the current year.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.