Interfor (TSE:IFP) Given New C$17.00 Price Target at Raymond James Financial

Interfor (TSE:IFP) had its price target raised by Raymond James Financial from C$13.00 to C$17.00 in a research note released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on the company. TD raised their price target on Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada dropped their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Interfor has an average rating of “Moderate Buy” and an average price target of C$13.17.

Interfor Trading Up 2.3%

Shares of Interfor stock opened at C$12.85 on Monday. Interfor has a fifty-two week low of C$7.05 and a fifty-two week high of C$14.00. The business’s fifty day moving average is C$11.71 and its two-hundred 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. The firm has a market cap of C$845.11 million, a PE ratio of -1.96 and a beta of 1.61.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The business had revenue of C$643.20 million during the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. Analysts anticipate that Interfor 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.