Interfor (TSE:IFP) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of Interfor Co. (TSE:IFPGet Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$12.08 and traded as high as C$13.77. Interfor shares last traded at C$13.37, with a volume of 492,533 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IFP shares. Raymond James Financial lifted their target price on Interfor from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Royal Bank Of Canada decreased 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 raised their price target on Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.17.

Read Our Latest Research Report on Interfor

Interfor Stock Performance

The firm has a market cap of C$870.76 million, a PE ratio of -2.02 and a beta of 1.63. The business has a 50 day simple moving average of C$12.19 and a two-hundred day simple moving average of C$10.75. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13.

Interfor (TSE:IFPGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The company had revenue of C$643.20 million during the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%. As a group, equities research analysts forecast that Interfor Co. will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

(Get Free Report)

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.

Further Reading

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