Interfor (TSE:IFP – Get Free Report) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a C$30.00 price objective on the stock, up from their previous price objective of C$26.00. Raymond James’ price target indicates a potential upside of 45.07% from the company’s current price.
Several other equities research analysts also recently weighed in on IFP. Royal Bank of Canada cut their price target on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. CIBC increased 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. BMO Capital Markets cut their price target on 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. TD Securities cut Interfor from a “buy” rating to a “hold” rating and raised their target price for the company from C$21.00 to C$23.00 in a research report on Friday. Finally, Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.00.
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Interfor Stock Performance
Interfor (TSE:IFP – Get Free Report) last issued its earnings results 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%. As a group, equities research analysts anticipate that Interfor will post 2.8616667 EPS for the current 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.
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