Interfor (TSE:IFP) Sets New 1-Year High – Here’s What Happened

Interfor Co. (TSE:IFP)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$14.11 and last traded at C$13.62, with a volume of 89941 shares traded. The stock had previously closed at C$13.24.

Analysts Set New Price Targets

A number of research firms recently weighed in on IFP. TD increased their price target on Interfor from C$10.00 to C$14.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada dropped 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, April 16th. Finally, Raymond James Financial boosted their price objective on Interfor from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and an average target price of C$13.17.

Interfor Trading Up 5.1%

The company’s 50-day moving average is C$12.19 and its 200 day moving average is C$10.75. The company has a current ratio of 2.12, a quick ratio of 1.15 and a debt-to-equity ratio of 77.13. The firm has a market cap of C$914.82 million, a PE ratio of -2.13 and a beta of 1.63.

Interfor (TSE:IFP) last posted its quarterly earnings data 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 firm had revenue of C$643.20 million for the quarter. As a group, sell-side analysts predict that Interfor Co. will post 2.8616667 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.