Interfor (TSE:IFP) Rating Increased to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of Interfor (TSE:IFP) from an outperform rating to a strong-buy rating in a report published on Wednesday,BayStreet.CA reports. They currently have C$14.00 price objective on the stock, up from their prior price objective of C$12.00.

Other equities research analysts have also issued reports about the company. TD Securities decreased their target price on Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Cibc Captl Mkts downgraded shares of Interfor from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. CIBC cut shares of Interfor from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada decreased 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 note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$13.00.

Interfor Price Performance

Interfor stock opened at C$10.01 on Wednesday. Interfor has a 52 week low of C$7.05 and a 52 week high of C$18.78. The company’s 50 day moving average price is C$8.29 and its two-hundred day moving average price is C$10.40. The stock has a market cap of C$658.23 million, a P/E ratio of -1.78 and a beta of 2.48. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Interfor (TSE:IFP) last released its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. The business had revenue of C$689.30 million during the quarter. Interfor had a negative net margin of 13.82% and a negative return on equity of 25.85%. On average, equities 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.