Interfor Co. (TSE:IFP) Director Acquires C$100,552.00 in Stock

Interfor Co. (TSE:IFP – Get Rating) Director Ian Fillinger bought 4,000 shares of the stock in a transaction on Friday, June 17th. The stock was acquired at an average price of C$25.14 per share, with a total value of C$100,552.00. Following the completion of the acquisition, the director now owns 64,770 shares of the company’s stock, valued at approximately C$1,628,188.26.

TSE:IFP opened at C$25.66 on Thursday. The company has a debt-to-equity ratio of 24.83, a quick ratio of 0.85 and a current ratio of 1.98. Interfor Co. has a 52-week low of C$23.30 and a 52-week high of C$44.56. The firm has a market cap of C$1.41 billion and a price-to-earnings ratio of 1.68. The business’s fifty day moving average is C$33.06 and its 200 day moving average is C$36.09.

Interfor (TSE:IFP – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$6.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$7.38 by C($0.77). The company had revenue of C$1.35 billion during the quarter. Equities analysts predict that Interfor Co. will post 6.0799998 EPS for the current fiscal year.

A number of brokerages have recently weighed in on IFP. Royal Bank of Canada cut their target price on Interfor from C$50.00 to C$45.00 in a research note on Thursday, April 7th. CIBC boosted their target price on Interfor from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, May 16th.

About Interfor (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.

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