Interfor (TSE:IFP – Free Report) had its price objective increased by Raymond James from C$26.00 to C$30.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Interfor’s FY2024 earnings at ($5.37) EPS and FY2025 earnings at $2.67 EPS.
Several other research analysts have also weighed in on IFP. Scotiabank lowered their target price on shares of Interfor from C$29.00 to C$26.00 and set an outperform rating on the stock in a research report on Monday, May 13th. BMO Capital Markets lowered their price target on shares of Interfor from C$27.00 to C$24.00 and set a strong-buy rating on the stock in a research report on Tuesday. CIBC lowered shares of Interfor from an outperform rating to a neutral rating and lowered their price target for the company from C$22.00 to C$18.00 in a research report on Thursday, July 18th. Cibc World Mkts lowered shares of Interfor from a strong-buy rating to a hold rating in a research report on Thursday, July 18th. Finally, TD Securities lowered their price target on shares of Interfor from C$24.00 to C$20.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$23.67.
Check Out Our Latest Report on IFP
Interfor Trading Up 3.5 %
Interfor (TSE:IFP – Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported C($1.42) earnings per share for the quarter. Interfor had a negative return on equity of 16.24% and a negative net margin of 9.05%. The company had revenue of C$813.20 million for the quarter. On average, research analysts predict that Interfor will post 2.8616667 earnings per share for the current fiscal year.
Insider Activity at Interfor
In other news, Director Ian Fillinger acquired 3,100 shares of Interfor stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average price of C$16.30 per share, with a total value of C$50,530.00. Insiders own 0.97% of the company’s stock.
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.
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