Interfor Co. (TSE:IFP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Interfor Co. (TSE:IFP) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$11.83.

Several research analysts recently issued reports on IFP shares. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. TD cut their target price on shares of Interfor from C$12.00 to C$10.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada cut 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 research report on Thursday, April 16th. Finally, Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from C$14.00 to C$13.00 in a research report on Friday, April 24th.

Interfor Stock Up 10.3%

Shares of TSE:IFP opened at C$13.12 on Tuesday. Interfor has a 52-week low of C$7.05 and a 52-week high of C$13.72. The firm has a fifty day moving average of C$10.41 and a 200 day moving average of C$9.93. The firm has a market capitalization of C$862.86 million, a PE ratio of -2.01 and a beta of 1.78. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12.

Interfor (TSE:IFP) last announced its earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%.The company had revenue of C$643.20 million during the quarter. As a group, research analysts anticipate that Interfor will post 2.8616667 EPS 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. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.