TD Securities Cuts Interfor (TSE:IFP) Price Target to C$22.00

Interfor (TSE:IFP) had its price target reduced by stock analysts at TD Securities from C$23.00 to C$22.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 14.05% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Scotiabank lowered their target price on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. CIBC raised their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada cut their target price on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Interfor currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.50.

Interfor Stock Performance

IFP traded up C$0.13 on Friday, hitting C$19.29. 25,489 shares of the company’s stock were exchanged, compared to its average volume of 160,435. 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 stock has a fifty day moving average of C$19.17 and a two-hundred day moving average of C$17.98. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00. The firm has a market cap of C$992.47 million, a PE ratio of -2.75 and a beta of 2.54.

Interfor (TSE:IFP) last posted its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million. On average, research analysts anticipate 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.