Interfor Co. (TSE:IFP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$12.20.

IFP has been the subject of several analyst reports. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$12.00 to C$14.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada reduced their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. CIBC downgraded Interfor from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. Scotiabank raised Interfor from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$13.00 to C$14.00 in a report on Monday, January 26th. Finally, Cibc Captl Mkts lowered Interfor from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th.

Interfor Trading Up 3.7%

Shares of TSE IFP opened at C$10.55 on Thursday. The business has a 50 day simple moving average of C$9.01 and a 200 day simple moving average of C$10.13. Interfor has a 52 week low of C$7.05 and a 52 week high of C$18.33. The stock has a market cap of C$693.74 million, a price-to-earnings ratio of -1.87 and a beta of 2.48. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

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