Interfor (TSE:IFP) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Interfor Co. (TSE:IFP) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$10.04 and traded as high as C$10.68. Interfor shares last traded at C$10.27, with a volume of 238,031 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Raymond James Financial upgraded Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their price objective for the company from C$12.00 to C$14.00 in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. TD Securities increased their price target on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Scotiabank raised Interfor from a “hold” rating to an “outperform” rating and increased their price target for the company from C$13.00 to C$14.00 in a research note on Monday, January 26th. Finally, Royal Bank Of Canada decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.40.

Interfor Stock Up 3.0%

The firm has a 50 day moving average of C$10.04 and a 200 day moving average of C$9.23. The firm has a market cap of C$675.43 million, a price-to-earnings ratio of -1.64 and a beta of 1.53. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 68.89.

Interfor (TSE:IFP) last released its earnings results on Thursday, February 12th. The company reported C($2.03) EPS for the quarter. Interfor had a negative return on equity of 25.24% and a negative net margin of 12.27%.The business had revenue of C$600.60 million for the quarter. As a group, sell-side analysts predict that Interfor Co. will post 2.8616667 earnings per share for the current 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.