Interfor (TSE:IFP) Price Target Lowered to C$22.00 at TD Securities

by · The Markets Daily

Interfor (TSE:IFP – Free Report) had its price objective decreased by TD Securities from C$23.00 to C$22.00 in a research note released on Friday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on IFP. Scotiabank reduced their price objective on Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. CIBC raised their price target on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Royal Bank of Canada cut their price objective on shares of 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 research note on Thursday, July 18th. Finally, Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Three investment 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$24.50.

View Our Latest Report on Interfor

Interfor Price Performance

Shares of TSE IFP traded up C$0.11 during midday trading on Friday, reaching C$19.27. 62,400 shares of the stock traded hands, compared to its average volume of 160,607. The company’s 50 day moving average is C$19.22 and its 200 day moving average is C$17.99. Interfor has a one year low of C$15.35 and a one year high of C$26.00. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The stock has a market capitalization of C$991.44 million, a PE ratio of -2.75 and a beta of 2.54.

Interfor (TSE:IFP – Get Free Report) last released its quarterly earnings data 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). 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 the consensus estimate of C$774.00 million. On average, equities research analysts anticipate that Interfor will post 2.8616667 earnings per share 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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