Interfor (TSE:IFP) Price Target Raised to C$14.00

Interfor (TSE:IFP) had its target price hoisted by TD from C$10.00 to C$14.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

IFP has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Royal Bank Of Canada decreased 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 research note on Thursday, April 16th. Finally, Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$14.00 to C$13.00 in a report on Friday, April 24th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.50.

Interfor Trading Up 1.9%

TSE IFP opened at C$13.70 on Tuesday. The firm has a market cap of C$901.01 million, a PE ratio of -2.09 and a beta of 1.61. Interfor has a 1-year low of C$7.05 and a 1-year high of C$13.89. The stock has a 50-day moving average of C$11.16 and a 200-day moving average of C$10.36. The company has a current ratio of 2.12, a quick ratio of 1.15 and a debt-to-equity ratio of 77.13.

Interfor (TSE:IFP) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. The company had revenue of C$643.20 million for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%. As a group, sell-side analysts forecast that Interfor will post 2.8616667 EPS 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.