Interfor Co. (TSE:IFP) Receives Average Rating of “Hold” from Brokerages

Interfor Co. (TSE:IFP) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$12.20.

Several research analysts have recently weighed in on the stock. TD Securities decreased 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. Cibc Captl Mkts downgraded Interfor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 9th. Scotiabank raised shares of Interfor from a “hold” rating to an “outperform” rating and raised their target price for the company from C$13.00 to C$14.00 in a research note on Monday. CIBC cut shares of Interfor from a “neutral” rating to an “underperform” rating and cut their price target for the stock from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th.

Interfor Stock Down 0.1%

Shares of TSE IFP opened at C$10.39 on Thursday. The business has a 50-day simple moving average of C$8.83 and a two-hundred day simple moving average of C$10.21. Interfor has a 52 week low of C$7.05 and a 52 week high of C$18.33. The company has a market cap of C$683.22 million, a P/E ratio of -1.85 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 announced its quarterly earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. The firm had revenue of C$689.30 million during the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%. 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.