Interfor Co. (TSE:IFP) Receives C$24.00 Consensus Target Price from Brokerages

Shares of Interfor Co. (TSE:IFP) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$24.00.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. TD Securities lowered shares of Interfor from a “buy” rating to a “hold” rating and increased their price objective for the company from C$21.00 to C$23.00 in a research report on Friday, October 18th. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. CIBC increased their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets lowered their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd.

Interfor Stock Up 3.8 %

Shares of IFP stock opened at C$19.92 on Monday. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00. The stock has a market cap of C$1.02 billion, a P/E ratio of -2.74 and a beta of 2.54. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The company has a 50 day simple moving average of C$18.87 and a two-hundred day simple moving average of C$17.92.

Interfor (TSE:IFP) last announced its quarterly earnings data 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). The firm had revenue of C$771.20 million during the quarter, compared to analysts’ expectations 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, research analysts expect that Interfor will post 2.8616667 earnings per share for the current year.

About Interfor

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.