Interfor (TSE:IFP) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Interfor (TSE:IFP) from a moderate buy rating to a strong-buy rating in a report issued on Wednesday, MarketBeat reports. The firm currently has C$14.00 price target on the stock, up from their previous price target of C$12.00.

A number of other research firms have also recently commented on IFP. CIBC cut shares of Interfor from a “neutral” rating to an “underperform” rating and cut their target price for the stock from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. TD Securities lowered their price objective on Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Cibc Captl Mkts cut Interfor from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered 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, December 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Interfor presently has a consensus rating of “Hold” and a consensus price target of C$13.00.

Interfor Stock Down 1.2%

Interfor stock opened at C$10.19 on Wednesday. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The stock has a market capitalization of C$670.06 million, a PE ratio of -1.81 and a beta of 2.48. The business has a 50 day simple moving average of C$8.38 and a 200-day simple moving average of C$10.38. Interfor has a 12 month low of C$7.05 and a 12 month high of C$18.78.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. The company had revenue of C$689.30 million during the quarter. Interfor had a negative net margin of 13.82% and a negative return on equity of 25.85%. On average, analysts anticipate that Interfor will post 2.8616667 EPS for the current fiscal 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.