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

Shares of Interfor Co. (TSE:IFP) crossed 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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IFP. TD Securities upgraded shares of Interfor from a “hold” rating to a “buy” rating and lowered their target price for the company from C$27.00 to C$25.00 in a report on Monday, February 12th. 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. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the stock a “sector perform” rating in a report on Monday, January 22nd. 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 equities research 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 a consensus price target of C$27.17.

Interfor Price Performance

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 stock has a market cap of C$921.47 million, a P/E ratio of -3.45 and a beta of 2.61. The business’s 50-day simple moving average is C$19.74 and its two-hundred day simple moving average is C$20.47.

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