Interfor (TSE:IFP) Given New C$27.00 Price Target at BMO Capital Markets

Interfor (TSE:IFP) had its target price reduced by equities researchers at BMO Capital Markets from C$29.00 to C$27.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 50.59% from the company’s current price.

A number of other equities analysts have also issued reports on IFP. TD Securities upgraded shares of Interfor from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$27.00 to C$25.00 in a research report on Monday, February 12th. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the company a “sector perform” rating in a research note on Monday, January 22nd. CIBC decreased their target price on shares of Interfor from C$25.00 to C$24.00 in a research note on Thursday, April 11th. Finally, Raymond James lowered Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$27.50.

Interfor Stock Up 0.2 %

TSE:IFP traded up C$0.03 during midday trading on Wednesday, hitting C$17.93. 193,805 shares of the company were exchanged, compared to its average volume of 172,121. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21. Interfor has a fifty-two week low of C$16.78 and a fifty-two week high of C$26.31. The company has a market capitalization of C$922.50 million, a PE ratio of -3.45 and a beta of 2.61. The company has a fifty day simple moving average of C$20.09 and a 200 day simple moving average of C$20.58.

Interfor (TSE:IFP) last posted its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share for the quarter, missing the consensus estimate of C($1.65) by C($1.64). The firm had revenue of C$785.90 million during the quarter. Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. As a group, equities analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.