Interfor (TSE:IFP) Trading 12.6% Higher – What’s Next?

Shares of Interfor Co. (TSE:IFP) rose 12.6% during mid-day trading on Tuesday . The stock traded as high as C$8.22 and last traded at C$8.22. Approximately 213,883 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 281,105 shares. The stock had previously closed at C$7.30.

Analyst Ratings Changes

Several research analysts recently weighed in on IFP shares. Royal Bank Of Canada reduced their price target on Interfor from C$17.00 to C$14.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Raymond James Financial cut their target price on shares of Interfor from C$19.00 to C$15.00 and set an “outperform” rating for the company in a report on Tuesday, October 7th. Scotiabank lowered their price target on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. TD Securities dropped their price target on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, CIBC decreased their price objective on shares of Interfor from C$10.00 to C$9.00 in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$13.60.

Interfor Price Performance

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 50 day simple moving average of C$8.97 and a two-hundred day simple moving average of C$11.54. The company has a market cap of C$529.34 million, a price-to-earnings ratio of -1.43 and a beta of 2.38.

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