Interfor (TSE:IFP) Price Target Cut to C$22.00 by Analysts at TD Securities

Interfor (TSE:IFP) had its price objective cut by TD Securities from C$23.00 to C$22.00 in a note issued to investors on Friday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 14.05% from the stock’s previous close.

A number of other equities analysts also recently weighed in on IFP. CIBC upped their price target on shares of Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. BMO Capital Markets cut their price target on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 23rd. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Three equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Up 0.7 %

Shares of IFP traded up C$0.13 during trading hours on Friday, reaching C$19.29. The company’s stock had a trading volume of 25,489 shares, compared to its average volume of 160,435. The company has a 50 day moving average of C$19.17 and a two-hundred day moving average of C$17.98. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The firm has a market cap of C$992.47 million, a price-to-earnings ratio of -2.75 and a beta of 2.54. Interfor has a 1-year low of C$15.35 and a 1-year high of C$26.00.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The company had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. As a group, research analysts predict that Interfor will post 2.8616667 EPS for the current fiscal year.

About Interfor

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.