Interfor Co. (TSE:IFP) Stock Has Average Price Target of C$14.00 According to Analysts

Key Points

• Analysts give Interfor a “Moderate Buy” consensus, with two buy ratings, one strong-buy rating and three hold ratings. The average 12-month price target is C$14.00, though targets range from C$15.00 to C$21.00 in recent updates.
• Interfor shares opened at C$13.67, compared with a 12-month range of C$7.05 to C$15.74. The stock’s 50-day and 200-day moving averages were C$14.01 and C$11.73, respectively.
• The company reported quarterly revenue of C$804.4 million and EPS of C$0.02, but posted a negative net margin of 13.98% and negative return on equity of 30.64%.

Shares of Interfor Co. (TSE:IFP - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$14.00.

Several equities research analysts recently weighed in on the company. TD dropped their target price on Interfor from C$16.00 to C$15.00 and set a "hold" rating for the company in a report on Wednesday, October 14th. Raymond James Financial raised Interfor from a "moderate buy" rating to a "strong-buy" rating and boosted their price target for the stock from C$17.00 to C$21.00 in a research report on Tuesday, September 15th.

Interfor Price Performance

Shares of IFP opened at C$13.67 on Monday. Interfor has a twelve month low of C$7.05 and a twelve month high of C$15.74. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96. The firm has a market cap of C$899.03 million, a PE ratio of -2.03 and a beta of 1.58. The firm's 50 day moving average price is C$14.01 and its 200 day moving average price is C$11.73.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.02 earnings per share (EPS) for the quarter. Interfor had a negative net margin of 13.98% and a negative return on equity of 30.64%. The company had revenue of C$804.40 million during the quarter. As a group, research analysts expect that Interfor will post 2.86 EPS for the current fiscal year.

About Interfor

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.

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