Interfor Co. (TSE:IFP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Interfor Co. (TSE:IFP) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$23.67.

A number of research firms have recently issued reports on IFP. Royal Bank of Canada dropped their price objective on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. BMO Capital Markets dropped their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday. Raymond James increased their price objective on shares of Interfor from C$26.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, CIBC downgraded shares of Interfor from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$22.00 to C$18.00 in a research note on Thursday, July 18th.

Insider Buying and Selling at Interfor

In related news, Director Ian Fillinger acquired 5,510 shares of the stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of C$18.16 per share, for a total transaction of C$100,037.91. 0.97% of the stock is owned by insiders.

Interfor Price Performance

Shares of IFP stock opened at C$17.44 on Friday. The company has a debt-to-equity ratio of 60.58, a current ratio of 2.06 and a quick ratio of 1.15. The company has a market capitalization of C$897.29 million, a P/E ratio of -2.97 and a beta of 2.64. The company’s 50-day simple moving average is C$17.15 and its two-hundred day simple moving average is C$19.01. Interfor has a one year low of C$15.35 and a one year high of C$26.00.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, May 9th. The company reported C($1.42) earnings per share (EPS) for the quarter. Interfor had a negative net margin of 9.05% and a negative return on equity of 16.24%. The business had revenue of C$813.20 million for the quarter. As a group, equities analysts anticipate that Interfor will post 2.8616667 EPS 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.