Interfor Co. (TSE:IFP) Stock Has Consensus Price Target of C$14.00

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$14.00.

Several analysts have commented on the stock. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and lifted their target price for the stock from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. TD cut their price objective on shares of Interfor from C$16.00 to C$15.00 and set a “hold” rating on the stock in a report on Wednesday, October 14th.

Interfor Trading Up 8.6%

TSE:IFP opened at C$14.72 on Monday. The stock’s 50 day moving average price is C$13.96 and its 200 day moving average price is C$11.79. Interfor has a 52-week low of C$7.05 and a 52-week high of C$15.74. The company has a market capitalization of C$968.09 million, a PE ratio of -2.18 and a beta of 1.58. The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 71.48.

Interfor (TSE:IFP) last announced its earnings results on Thursday, August 6th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$804.40 million for the quarter. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. On average, research analysts anticipate that Interfor will post 2.86 EPS for the current year.

Interfor Company Profile

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.