Interfor (TSE:IFP) Shares Down 10.4% – Here’s Why

Interfor Co. (TSE:IFP) fell 10.4% during mid-day trading on Friday . The company traded as low as C$7.95 and last traded at C$7.99. 144,939 shares were traded during mid-day trading, a decline of 55% from the average session volume of 318,837 shares. The stock had previously closed at C$8.92.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IFP. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Raymond James Financial cut Interfor from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from C$14.00 to C$13.00 in a report on Friday, April 24th. TD Securities lifted their price target on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada cut their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Finally, TD cut their price target on Interfor from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.17.

Interfor Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 68.89. The stock has a market cap of C$557.70 million, a price-to-earnings ratio of -1.35 and a beta of 1.70. The company’s 50-day simple moving average is C$9.65 and its 200-day simple moving average is C$9.29.

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 25.24% and a negative net margin of 12.27%.The firm had revenue of C$643.20 million for the quarter. Analysts predict that Interfor Co. will post 2.8616667 EPS for the current fiscal 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.