Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

Interfor Co. (TSE:IFP) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$24.00.

IFP has been the subject of a number of research reports. Scotiabank decreased their price objective 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 raised their price objective 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. Cibc World Mkts lowered Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Finally, TD Securities lowered Interfor from a “buy” rating to a “hold” rating and lifted their price target for the company from C$21.00 to C$23.00 in a report on Friday, October 18th.

Interfor Trading Up 3.8 %

Shares of TSE IFP opened at C$19.92 on Monday. Interfor has a one year low of C$15.35 and a one year high of C$26.00. The firm has a market capitalization of C$1.02 billion, a PE ratio of -2.85 and a beta of 2.54. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The business has a 50-day moving average price of C$18.94 and a two-hundred day moving average price of C$17.93.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) EPS for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. The business had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million. As a group, analysts predict 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.