Interfor Co. (TSE:IFP) Stock Has Average Target Price of C$14.17

Interfor Co. (TSE:IFP) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$14.17.

IFP has been the subject of a number of analyst reports. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and upped their price objective for the company from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. TD lifted their target price on shares of Interfor from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research report on Monday, August 10th.

Interfor Stock Performance

Shares of TSE IFP opened at C$13.33 on Thursday. The stock’s fifty day simple moving average is C$14.19 and its 200 day simple moving average is C$12.08. The stock has a market capitalization of C$876.67 million, a price-to-earnings ratio of -1.98 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 has a 52-week low of C$7.05 and a 52-week high of C$15.74.

Interfor (TSE:IFP) last announced its earnings results on Thursday, August 6th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$804.40 million during the quarter. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. As a group, sell-side analysts forecast that Interfor will post 2.86 earnings per share for the current fiscal 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.