Interfor Co. (TSE:IFP) Receives C$12.50 Average Price Target from Analysts

Shares of Interfor Co. (TSE:IFP) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$13.17.

Several equities analysts have recently commented on IFP shares. Royal Bank Of Canada cut their price target on 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. TD raised their target price on shares of Interfor from C$10.00 to C$14.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial upped their target price on Interfor from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday.

Interfor Stock Up 2.3%

Shares of TSE:IFP opened at C$12.85 on Friday. Interfor has a 52-week low of C$7.05 and a 52-week high of C$14.00. The stock has a market cap of C$845.11 million, a P/E ratio of -1.96 and a beta of 1.61. The business’s 50 day moving average is C$11.71 and its 200 day moving average is C$10.57. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%.The firm had revenue of C$643.20 million for the quarter. Sell-side analysts predict 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.