Interfor Corp (TSE:IFP) – Investment analysts at National Bank Financial cut their Q3 2016 EPS estimates for Interfor Corp in a report issued on Tuesday. National Bank Financial analyst R. Merer now anticipates that the brokerage will earn $0.27 per share for the quarter, down from their previous estimate of $0.40. National Bank Financial also issued estimates for Interfor Corp’s FY2016 earnings at $0.99 EPS.
A number of other research analysts have also issued reports on IFP. Raymond James Financial Inc. lowered their target price on Interfor Corp from C$16.50 to C$15.75 in a report on Thursday, July 7th. Scotiabank reissued an “outperform” rating and issued a C$16.50 price target on shares of Interfor Corp in a research note on Friday, July 29th. TD Securities lifted their price target on Interfor Corp from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, Dundee Securities raised Interfor Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$16.46.
Interfor Corp (TSE:IFP) opened at 14.88 on Friday. The stock’s 50 day moving average is $14.98 and its 200-day moving average is $13.19. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The firm has a market capitalization of $1.04 billion and a PE ratio of 72.59.
About Interfor Corp
Interfor Corporation, formerly International Forest Products Limited, is a Canada-based supplier of lumber products. The Company operates through solid wood segment. The Company offers lumber products to customers in North America, the Asia-Pacific region and Europe. The Company operates approximately five sawmills in British Columbia.
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