Interfor (TSE:IFP) Cut to “Hold” at TD Securities

TD Securities cut shares of Interfor (TSE:IFP) from a buy rating to a hold rating in a report released on Friday, BayStreet.CA reports. They currently have C$23.00 price target on the stock, up from their prior price target of C$21.00.

A number of other research firms have also weighed in on IFP. Scotiabank lowered their price target on shares of 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. BMO Capital Markets lowered their target price on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 23rd. Raymond James increased their price target on Interfor from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. CIBC boosted their price objective on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Performance

TSE IFP opened at C$20.16 on Friday. 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 has a 1-year low of C$15.35 and a 1-year high of C$26.00. The company has a market cap of C$1.04 billion, a PE ratio of -2.88 and a beta of 2.54. The stock’s 50 day simple moving average is C$18.45 and its 200-day simple moving average is C$17.89.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share 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 firm had revenue of C$771.20 million during the quarter, compared to analysts’ expectations of C$774.00 million. As a group, equities research analysts anticipate 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.