Interfor Co. (TSE:IFP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Interfor Co. (TSE:IFP) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$23.67.

A number of research firms recently commented on IFP. Cibc World Mkts cut shares of Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. CIBC cut shares of Interfor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$22.00 to C$18.00 in a report on Thursday, July 18th. BMO Capital Markets decreased their price target on shares of Interfor from C$27.00 to C$24.00 in a report on Tuesday. TD Securities decreased their price target on shares of Interfor from C$24.00 to C$20.00 in a report on Tuesday. Finally, Scotiabank decreased their price target on shares of Interfor from C$29.00 to C$26.00 and set an “outperform” rating for the company in a report on Monday, May 13th.

Insider Activity

In related news, Director Ian Fillinger bought 5,510 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$18.16 per share, for a total transaction of C$100,037.91. Company insiders own 0.97% of the company’s stock.

Interfor Price Performance

TSE IFP opened at C$16.41 on Friday. The company has a debt-to-equity ratio of 60.58, a quick ratio of 1.15 and a current ratio of 2.06. The firm’s 50 day moving average price is C$17.23 and its 200-day moving average price is C$19.04. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The company has a market cap of C$844.29 million, a PE ratio of -2.91 and a beta of 2.64.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, May 9th. The company reported C($1.42) earnings per share (EPS) for the quarter. Interfor had a negative net margin of 9.05% and a negative return on equity of 16.24%. The business had revenue of C$813.20 million for the quarter. Sell-side analysts forecast 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.