Brokerages Set Interfor Co. (TSE:IFP) Target Price at C$12.33

Interfor Co. (TSE:IFP) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$12.33.

IFP has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research report 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 report on Thursday, April 16th. Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and raised their target price for the stock from C$12.00 to C$14.00 in a research report on Wednesday, January 14th. Scotiabank upgraded shares of Interfor from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$13.00 to C$14.00 in a research report on Monday, January 26th. Finally, TD decreased 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 research report on Thursday, April 16th.

Interfor Stock Down 1.6%

IFP stock opened at C$10.52 on Thursday. The company’s 50 day simple moving average is C$9.86 and its 200-day simple moving average is C$9.21. The firm has a market capitalization of C$691.87 million, a PE ratio of -1.68 and a beta of 1.53. Interfor has a 12 month low of C$7.05 and a 12 month high of C$14.55. The company has a debt-to-equity ratio of 68.89, a current ratio of 1.78 and a quick ratio of 1.15.

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

About Interfor

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.