Shares of Interfor Co. (TSE:IFP – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$23.50.
Several brokerages recently issued reports on IFP. Scotiabank decreased their price target on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada dropped their price target on Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. TD Securities reduced their price objective on Interfor from C$24.00 to C$20.00 in a research report on Tuesday, July 23rd. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, CIBC boosted 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.
View Our Latest Stock Report on IFP
Interfor Stock Up 1.6 %
Interfor (TSE:IFP – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The business had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. Equities analysts expect that Interfor will post 2.8616667 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Ian Fillinger bought 3,100 shares of Interfor stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average cost of C$16.30 per share, for a total transaction of C$50,530.00. Insiders own 0.94% of the company’s stock.
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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