TD Securities Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price target trimmed by TD Securities from C$23.00 to C$22.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Scotiabank reduced their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. CIBC upped their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Royal Bank of Canada decreased their price objective on shares of Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets decreased their price target on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Interfor has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

Interfor Stock Up 0.6 %

IFP stock traded up C$0.11 during trading on Friday, reaching C$19.27. 62,400 shares of the company traded hands, compared to its average volume of 160,607. The company has a market capitalization of C$991.44 million, a price-to-earnings ratio of -2.75 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The business has a 50 day simple moving average of C$19.22 and a 200 day simple moving average of C$17.99. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00.

Interfor (TSE:IFP) last posted 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). The firm had revenue of C$771.20 million for the quarter, compared to the consensus estimate of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. On average, equities 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.