Interfor (TSE:IFP) Stock Rating Upgraded by Scotiabank

Interfor (TSE:IFP) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a C$14.00 price target on the stock, up from their prior price target of C$13.00. Scotiabank’s target price would indicate a potential upside of 27.16% from the stock’s previous close.

A number of other research analysts also recently weighed in on IFP. Raymond James Financial raised Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the company from C$12.00 to C$14.00 in a report on Wednesday, January 14th. Cibc Captl Mkts downgraded Interfor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. TD Securities decreased their target price on Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Royal Bank Of Canada dropped their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Finally, CIBC downgraded Interfor from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from C$9.00 to C$8.00 in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$12.20.

Interfor Price Performance

TSE IFP traded up C$0.58 during trading on Monday, reaching C$11.01. The company’s stock had a trading volume of 421,578 shares, compared to its average volume of 343,277. The stock has a market capitalization of C$723.98 million, a PE ratio of -1.96 and a beta of 2.48. The firm has a fifty day moving average of C$8.63 and a 200 day moving average of C$10.25. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. Interfor has a one year low of C$7.05 and a one year high of C$18.33.

Interfor (TSE:IFP) last issued its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. The firm had revenue of C$689.30 million during the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%. Analysts expect that Interfor will post 2.8616667 EPS for the current fiscal year.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.