Interfor (TSE:IFP) Stock Gets Price Target Cut from TD

Interfor (TSE:IFP) had its target price decreased by analysts at TD from C$16.00 to C$15.00 in a report issued on Wednesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s price target points to a potential upside of 18.48% from the company’s current price.

Separately, Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their price objective for the company from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$14.00.

Interfor Trading Down 2.2%

IFP traded down C$0.28 on Wednesday, reaching C$12.66. 145,174 shares of the company traded hands, compared to its average volume of 279,738. The company has a market cap of C$832.61 million, a P/E ratio of -1.88 and a beta of 1.58. The firm has a fifty day simple moving average of C$14.20 and a two-hundred day simple moving average of C$12.16. Interfor has a one year low of C$7.05 and a one year high of C$15.74. The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 71.48.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$804.40 million during the quarter. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. As a group, equities research analysts expect that Interfor will post 2.86 earnings per share for the current year.

Interfor Company Profile

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.