Interfor Co. (TSE:IFP) Receives C$12.33 Average Target Price from Brokerages

Shares of Interfor Co. (TSE:IFP) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$12.33.

A number of equities research analysts have issued reports on IFP shares. TD reduced their target price on shares of Interfor from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Thursday. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Scotiabank upgraded shares of Interfor from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$13.00 to C$14.00 in a report on Monday, January 26th. Finally, TD Securities increased their price objective on shares of Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th.

Interfor Price Performance

Interfor stock opened at C$10.23 on Thursday. The firm has a market cap of C$672.80 million, a PE ratio of -1.63 and a beta of 1.53. Interfor has a 52-week low of C$7.05 and a 52-week high of C$14.55. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 68.89. The company’s 50 day moving average is C$9.93 and its two-hundred day moving average is C$9.20.

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