Interfor (TSE:IFP) Price Target Raised to C$17.00

Interfor (TSE:IFP) had its target price increased by Raymond James Financial from C$13.00 to C$17.00 in a report released on Monday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other analysts also recently commented on the stock. TD upped their price objective on shares of Interfor from C$10.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Royal Bank Of Canada reduced their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.17.

Interfor Trading Down 1.4%

Interfor stock opened at C$12.40 on Monday. The stock has a 50-day moving average price of C$11.85 and a 200 day moving average price of C$10.62. The company has a market capitalization of C$815.51 million, a price-to-earnings ratio of -1.90 and a beta of 1.61. Interfor has a 52 week low of C$7.05 and a 52 week high of C$14.00. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13.

Interfor (TSE:IFP) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%.The business had revenue of C$643.20 million during the quarter. Sell-side analysts anticipate that Interfor will post 2.8616667 EPS for the current 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.