Interfor (TSE:IFP) Price Target Raised to C$23.00 at CIBC

Interfor (TSE:IFP) had its target price boosted by CIBC from C$22.00 to C$23.00 in a report released on Friday,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. TD Securities reduced their price target on Interfor from C$23.00 to C$22.00 in a research report on Friday. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Scotiabank decreased their price target on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, 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 report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

Interfor Trading Up 0.6 %

Shares of IFP traded up C$0.11 during midday trading on Friday, hitting C$19.27. 62,400 shares of the stock were exchanged, compared to its average volume of 160,607. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm has a market cap of C$991.44 million, a P/E ratio of -2.75 and a beta of 2.54. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The stock has a fifty day simple moving average of C$19.22 and a 200 day simple moving average of C$17.99.

Interfor (TSE:IFP) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) EPS for the quarter, missing the consensus estimate 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 business had revenue of C$771.20 million during the quarter, compared to analysts’ expectations of C$774.00 million. On average, 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.