Interfor (TSE:IFP) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Interfor Co. (TSE:IFP) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.92 and traded as high as C$11.26. Interfor shares last traded at C$11.10, with a volume of 207,694 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on IFP. TD Securities upped their target price on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Raymond James Financial lowered Interfor from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from C$14.00 to C$13.00 in a research note on Friday, April 24th. TD dropped their price objective on Interfor from C$12.00 to C$10.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Royal Bank Of Canada dropped their price objective on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.83.

Interfor Stock Performance

The company has a market capitalization of C$730.01 million, a price-to-earnings ratio of -1.70 and a beta of 1.70. The company has a debt-to-equity ratio of 77.13, a current ratio of 2.12 and a quick ratio of 1.15. The stock has a 50 day moving average price of C$9.92 and a two-hundred day moving average price of C$9.49.

Interfor (TSE:IFP) last announced its 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 business had revenue of C$643.20 million during the quarter. On average, analysts predict that Interfor Co. will post 2.8616667 EPS for the current fiscal year.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.