TD Securities cut shares of Interfor (TSE:IFP – Free Report) from a buy rating to a hold rating in a report issued on Friday morning, BayStreet.CA reports. They currently have C$23.00 price objective on the stock, up from their previous price objective of C$21.00.
IFP has been the subject of a number of other research reports. Royal Bank of Canada decreased their price target on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. BMO Capital Markets lowered 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 note on Tuesday, July 23rd. Scotiabank cut their price target 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. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Raymond James increased their price objective on Interfor from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.00.
Interfor Stock Up 0.7 %
Interfor (TSE:IFP – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. The company had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million. As a group, equities analysts predict that Interfor will post 2.8616667 EPS 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.
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