Interfor (TSE:IFP) Price Target Cut to C$10.00 by Analysts at TD

Interfor (TSE:IFP) had its price target dropped by investment analysts at TD from C$12.00 to C$10.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s target price suggests a potential upside of 11.23% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. TD Securities increased their price objective on Interfor from C$11.00 to C$13.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Scotiabank upgraded Interfor from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$13.00 to C$14.00 in a report on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Finally, Raymond James Financial downgraded Interfor from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from C$14.00 to C$13.00 in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$11.83.

Interfor Trading Up 4.9%

Shares of Interfor stock traded up C$0.42 during midday trading on Tuesday, reaching C$8.99. 451,826 shares of the company’s stock traded hands, compared to its average volume of 333,313. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12. The company has a market cap of C$591.25 million, a PE ratio of -1.37 and a beta of 1.70. The stock has a 50 day moving average of C$9.62 and a 200-day moving average of C$9.30. Interfor has a 12 month low of C$7.05 and a 12 month high of C$13.72.

Interfor (TSE:IFP) last announced its earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The business had revenue of C$643.20 million for the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. As a group, equities 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.