Interfor (TSE:IFP) Reaches New 52-Week High After Analyst Upgrade

Interfor Co. (TSE:IFP)’s stock price hit a new 52-week high during trading on Tuesday after TD raised their price target on the stock from C$10.00 to C$14.00. TD currently has a hold rating on the stock. Interfor traded as high as C$13.63 and last traded at C$13.57, with a volume of 117464 shares changing hands. The stock had previously closed at C$12.52.

IFP has been the topic of several other reports. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. 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 on the stock in a research report on Thursday, April 16th. Finally, Raymond James Financial lowered Interfor from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from C$14.00 to C$13.00 in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.50.

Interfor Stock Up 0.9%

The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12. The company has a market capitalization of C$884.57 million, a price-to-earnings ratio of -2.06 and a beta of 1.61. The business’s 50 day moving average is C$11.07 and its 200 day moving average is C$10.32.

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

Interfor Company Profile

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.