Interfor (TSE:IFP) Stock Price Passes Above 50-Day Moving Average of $22.24

Interfor Co. (TSE:IFP – Get Rating)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$22.24 and traded as high as C$22.50. Interfor shares last traded at C$21.22, with a volume of 171,629 shares.

Analyst Ratings Changes

IFP has been the topic of several recent research reports. Scotiabank increased their price target on Interfor from C$30.00 to C$32.00 in a report on Friday, February 10th. TD Securities increased their price objective on Interfor from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday, February 13th. Royal Bank of Canada lowered their price objective on Interfor from C$35.00 to C$32.00 and set an “outperform” rating for the company in a research note on Monday, May 8th. Finally, CIBC lowered their price objective on Interfor from C$31.00 to C$30.00 in a research note on Thursday, April 20th.

Interfor Stock Down 4.1 %

The company has a quick ratio of 1.15, a current ratio of 2.49 and a debt-to-equity ratio of 49.42. The company has a market capitalization of C$1.09 billion, a PE ratio of 6.24 and a beta of 2.53. The stock has a 50-day moving average of C$22.24 and a 200 day moving average of C$23.16.

Interfor (TSE:IFP – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported C($0.68) EPS for the quarter, missing analysts’ consensus estimates of C($0.29) by C($0.39). Interfor had a net margin of 3.93% and a return on equity of 8.41%. The business had revenue of C$829.88 million for the quarter. Sell-side analysts anticipate that Interfor Co. will post 0.1360947 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Simon Bruce Luxmoore bought 5,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was acquired at an average cost of C$16.15 per share, with a total value of C$80,750.00. Company insiders own 0.53% of the company’s stock.

Interfor Company Profile

(Get Rating)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.