Interfor (TSE:IFP) Downgraded by Raymond James Financial to Outperform

Interfor (TSE:IFP) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$13.00 price objective on the stock, down from their prior price objective of C$14.00. Raymond James Financial’s target price suggests a potential upside of 25.24% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Scotiabank raised Interfor from a “hold” rating to an “outperform” rating and upped their target price for the company from C$13.00 to C$14.00 in a research report on Monday, January 26th. TD Securities increased their price target on Interfor from C$11.00 to C$13.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. TD cut their price target on Interfor from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada cut their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.17.

Interfor Stock Performance

Shares of TSE IFP traded down C$0.07 during mid-day trading on Friday, hitting C$10.38. The stock had a trading volume of 50,580 shares, compared to its average volume of 320,022. The company has a debt-to-equity ratio of 68.89, a quick ratio of 1.15 and a current ratio of 1.78. The company has a 50 day moving average of C$9.85 and a two-hundred day moving average of C$9.22. Interfor has a twelve month low of C$7.05 and a twelve month high of C$14.55. The firm has a market cap of C$682.66 million, a PE ratio of -1.66 and a beta of 1.53.

Interfor (TSE:IFP) last released its earnings results on Thursday, February 12th. The company reported C($2.03) earnings per share (EPS) for the quarter. Interfor had a negative net margin of 12.27% and a negative return on equity of 25.24%. The firm had revenue of C$600.60 million during the quarter. Research analysts predict that Interfor will post 2.8616667 EPS for the current fiscal year.

About Interfor

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.