Analysts Set Interfor Co. (TSE:IFP) PT at C$23.50

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$23.50.

A number of research firms have issued reports on IFP. Scotiabank cut their target price 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. TD Securities cut their price objective on shares of Interfor from C$24.00 to C$20.00 in a research report on Tuesday, July 23rd. BMO Capital Markets decreased their target price on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. Royal Bank of Canada cut their price target on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Finally, CIBC increased their price objective on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th.

Interfor Price Performance

Shares of IFP stock opened at C$20.74 on Thursday. The firm has a fifty day moving average of C$17.93 and a two-hundred day moving average of C$17.94. The firm has a market cap of C$1.07 billion, a P/E ratio of -2.96 and a beta of 2.51. Interfor has a 1-year low of C$15.35 and a 1-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.

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

Interfor Company Profile

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.