Interfor (TSE:IFP) Stock Price Expected to Rise, CIBC Analyst Says

Interfor (TSE:IFP) had its price target increased by equities research analysts at CIBC from C$22.00 to C$23.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 19.36% from the stock’s current price.

Other analysts also recently issued reports about the company. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. TD Securities decreased their price target on Interfor from C$23.00 to C$22.00 in a report on Friday. Royal Bank of Canada decreased their price target on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Finally, BMO Capital Markets decreased their price target on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. Three investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Trading Up 0.6 %

IFP opened at C$19.27 on Friday. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00. The stock has a market capitalization of C$991.44 million, a price-to-earnings ratio of -2.75 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The business has a fifty day moving average price of C$19.22 and a 200 day moving average price of C$17.99.

Interfor (TSE:IFP) last released its earnings results 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). The company had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. Sell-side analysts expect that Interfor will post 2.8616667 earnings per share for the current fiscal year.

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.