Interfor (TSE:IFP) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Interfor Co. (TSE:IFP) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$12.08 and traded as high as C$13.77. Interfor shares last traded at C$13.37, with a volume of 492,533 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IFP shares. TD upped their target price on Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reduced their price target on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Raymond James Financial boosted their price target on shares of Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.17.

Interfor Price Performance

The firm has a market cap of C$879.30 million, a price-to-earnings ratio of -2.04 and a beta of 1.61. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12. The business has a 50 day simple moving average of C$12.08 and a 200-day simple moving average of C$10.71.

Interfor (TSE:IFP) last issued 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 company had revenue of C$643.20 million during the quarter. Equities research analysts expect that Interfor Co. 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.