Interfor (TSE:IFP) Upgraded to Strong-Buy at Raymond James

Interfor (TSE:IFP) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a C$30.00 price target on the stock, up from their prior price target of C$26.00. Raymond James’ target price would indicate a potential upside of 52.98% from the company’s current price. Raymond James also issued estimates for Interfor’s FY2026 earnings at $3.78 EPS.

A number of other research firms have also recently weighed in on IFP. Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. TD Securities downgraded Interfor from a “buy” rating to a “hold” rating and raised their price target for the stock from C$21.00 to C$23.00 in a report on Friday, October 18th. Royal Bank of Canada cut their price objective on shares of Interfor from C$27.00 to C$24.00 in a report 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. Finally, CIBC upped their price target on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Interfor presently has an average rating of “Moderate Buy” and a consensus target price of C$24.00.

Interfor Stock Performance

Shares of Interfor stock opened at C$19.61 on Tuesday. The company has a market capitalization of C$1.01 billion, a PE ratio of -2.80 and a beta of 2.54. The company has a 50-day simple moving average of C$18.55 and a two-hundred day simple moving average of C$17.88. Interfor has a one year low of C$15.35 and a one year high of C$26.00. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02.

Interfor (TSE:IFP) last posted its earnings results on Thursday, August 8th. The company reported C($1.47) 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 firm had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million. Research analysts expect 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.