Interfor (TSE:IFP) Share Price Crosses Above 50-Day Moving Average of $16.84

Interfor Co. (TSE:IFP) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$16.84 and traded as high as C$18.47. Interfor shares last traded at C$18.41, with a volume of 106,515 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on IFP. Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. TD Securities lowered their target price on shares of Interfor from C$24.00 to C$20.00 in a research note on Tuesday, July 23rd. Scotiabank reduced their price target on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, BMO Capital Markets lowered their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.50.

Interfor Price Performance

The company has a fifty day simple moving average of C$16.84 and a 200-day simple moving average of C$17.99. The company has a market cap of C$947.19 million, a P/E ratio of -2.63 and a beta of 2.51. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

Interfor (TSE:IFP) last announced its earnings results on Thursday, August 8th. The company reported C($1.47) EPS for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The company had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. On average, sell-side analysts predict that Interfor Co. will post 2.8616667 earnings per share for the current year.

Insider Transactions at Interfor

In other news, Director Ian Fillinger purchased 3,100 shares of Interfor stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of C$16.30 per share, for a total transaction of C$50,530.00. 0.94% of the stock is currently owned by insiders.

Interfor Company Profile

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.