Interfor (TSE:IFP) Price Target Raised to C$23.00 at CIBC

by · The Cerbat Gem

Interfor (TSE:IFP – Get Free Report) had its price objective increased by research analysts at CIBC from C$22.00 to C$23.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 19.23% from the stock’s previous close.

Several other equities analysts also recently commented on IFP. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. TD Securities reduced their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada decreased their price target on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. Finally, Scotiabank cut their price objective on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$24.50.

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Interfor Stock Performance

Interfor stock traded up C$0.13 during midday trading on Friday, hitting C$19.29. The stock had a trading volume of 25,489 shares, compared to its average volume of 160,435. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The company has a market capitalization of C$992.47 million, a PE ratio of -2.76 and a beta of 2.54. The firm’s fifty day moving average is C$19.17 and its two-hundred day moving average is C$17.98. 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 released its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). The firm 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, research analysts forecast that Interfor will post 2.8616667 EPS for the current year.

Interfor Company Profile

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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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