TD Securities Issues Pessimistic Forecast for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its target price lowered by equities researchers at TD Securities from C$23.00 to C$22.00 in a report released on Friday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 14.17% from the company’s previous close.

IFP has been the subject of a number of other reports. BMO Capital Markets decreased their target price on 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. Scotiabank reduced their price target on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Cibc World Mkts lowered Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. CIBC boosted their price target on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Interfor currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.50.

Interfor Trading Up 0.6 %

Shares of TSE IFP opened at C$19.27 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The business has a fifty day simple moving average of C$19.22 and a two-hundred day simple moving average of C$17.99. The firm has a market cap of C$991.44 million, a PE ratio of -2.75 and a beta of 2.54. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00.

Interfor (TSE:IFP) last issued its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). The firm had revenue of C$771.20 million for the quarter, compared to the consensus estimate of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. Analysts expect that Interfor will post 2.8616667 earnings per share 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.