Interfor Co. (TSE:IFP – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$17.23 and traded as high as C$20.10. Interfor shares last traded at C$20.07, with a volume of 185,353 shares trading hands.
Analysts Set New Price Targets
IFP has been the subject of a number of research reports. CIBC boosted their target price 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. Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. BMO Capital Markets lowered their price target on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. 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 research note on Tuesday, July 23rd. Finally, Scotiabank lowered their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$23.50.
Interfor Stock Up 3.1 %
Interfor (TSE:IFP – Get Free Report) last announced its 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 return on equity of 20.18% and a negative net margin of 11.26%. The firm had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million. As a group, equities research analysts expect that Interfor Co. 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.
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