Interfor (TSE:IFP) PT Lowered to C$27.00

Interfor (TSE:IFP) had its price target decreased by stock analysts at BMO Capital Markets from C$29.00 to C$27.00 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 51.86% from the company’s current price.

IFP has been the subject of several other reports. CIBC decreased their target price on shares of Interfor from C$25.00 to C$24.00 in a research note on Thursday, April 11th. TD Securities raised shares of Interfor from a “hold” rating to a “buy” rating and cut their price target for the stock from C$27.00 to C$25.00 in a report on Monday, February 12th. Scotiabank set a C$29.00 price target on shares of Interfor and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Finally, Raymond James lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$27.50.

Interfor Stock Performance

Shares of TSE IFP opened at C$17.78 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21. The company has a 50 day simple moving average of C$20.00 and a two-hundred day simple moving average of C$20.54. Interfor has a 12 month low of C$16.78 and a 12 month high of C$26.31. The stock has a market cap of C$914.78 million, a price-to-earnings ratio of -3.43 and a beta of 2.61.

Interfor (TSE:IFP) last posted its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.65) by C($1.64). Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. The firm had revenue of C$785.90 million during the quarter. As a group, analysts predict that Interfor will post 2.8616667 earnings per share 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.