Interfor Co. (TSE:IFP - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$19.13 and traded as high as C$20.06. Interfor shares last traded at C$19.91, with a volume of 182,470 shares trading hands.
Analyst Ratings Changes
Several equities analysts recently commented on IFP shares. CIBC boosted their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Cibc World Mkts lowered Interfor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 18th. Raymond James upgraded Interfor from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada dropped their price target on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. Finally, Scotiabank decreased their price objective on shares of Interfor from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$24.00.
View Our Latest Analysis on Interfor
Interfor Stock Performance
The business's fifty day simple moving average is C$19.17 and its 200-day simple moving average is C$17.98. The firm has a market cap of C$985.78 million, a P/E ratio of -2.74 and a beta of 2.54. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31.
Interfor (TSE:IFP - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.17) by C($0.30). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. The business had revenue of C$771.20 million for the quarter, compared to analysts' expectations of C$774.00 million. As a group, sell-side analysts expect that Interfor Co. will post 2.8616667 earnings per share for the current year.
About Interfor
(
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Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.
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