Analysts Set Interfor Co. (TSE:IFP) Target Price at C$23.50

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$23.50.

Several analysts recently commented on IFP shares. BMO Capital Markets reduced their target price on shares of 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. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. CIBC lifted their price target on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. TD Securities decreased their price objective on Interfor from C$24.00 to C$20.00 in a report on Tuesday, July 23rd. Finally, Scotiabank dropped their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

Interfor Price Performance

TSE:IFP opened at C$19.82 on Thursday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The stock’s 50 day moving average price is C$17.80 and its two-hundred day moving average price is C$17.95. The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -2.83 and a beta of 2.51.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (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 for the quarter, compared to analyst estimates of C$774.00 million. On average, analysts anticipate that Interfor will post 2.8616667 earnings per share for the current 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.