Interfor Co. (TSE:IFP) Given Consensus Rating of “Hold” by Analysts

Interfor Co. (TSE:IFP) has been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$12.60.

A number of equities research analysts have weighed in on IFP shares. Royal Bank Of Canada lowered their price objective on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. CIBC cut Interfor from a “neutral” rating to an “underperform” rating and reduced their target price for the company from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. Cibc Captl Mkts downgraded shares of Interfor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 9th. TD Securities cut their price target on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Finally, Raymond James Financial reduced their price objective on shares of Interfor from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th.

Interfor Stock Performance

Shares of IFP stock opened at C$8.97 on Friday. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The company’s fifty day moving average price is C$8.09 and its two-hundred day moving average price is C$10.61. The firm has a market capitalization of C$589.84 million, a P/E ratio of -1.59 and a beta of 2.45. Interfor has a 12 month low of C$7.05 and a 12 month high of C$18.78.

Interfor (TSE:IFP) last announced its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%.The business had revenue of C$689.30 million for the quarter. On average, research analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

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.