Interfor (TSE:IFP) Hits New 52-Week High – Here’s What Happened

Interfor Co. (TSE:IFP)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$14.11 and last traded at C$13.62, with a volume of 89941 shares. The stock had previously closed at C$13.24.

Wall Street Analysts Forecast Growth

IFP has been the subject of a number of recent research reports. TD boosted their price target on shares of Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, Raymond James Financial upped their target price on shares of Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.17.

Interfor Price Performance

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$928.63 million, a price-to-earnings ratio of -2.16 and a beta of 1.63. The company has a 50-day moving average price of C$12.26 and a 200-day moving average price of C$10.77.

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

Interfor Company Profile

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.