Interfor (TSE:IFP – Free Report) had its price objective hoisted by Raymond James from C$26.00 to C$30.00 in a report issued on Tuesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Interfor’s FY2024 earnings at ($5.37) EPS and FY2025 earnings at $2.67 EPS.
Several other equities research analysts have also recently issued reports on IFP. Cibc World Mkts cut Interfor from a strong-buy rating to a hold rating in a report on Thursday, July 18th. CIBC cut Interfor from an outperform rating to a neutral rating and reduced their target price for the stock from C$22.00 to C$18.00 in a report on Thursday, July 18th. Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Scotiabank reduced their target price on Interfor from C$29.00 to C$26.00 and set an outperform rating on the stock in a report on Monday, May 13th. Finally, BMO Capital Markets reduced their target price on Interfor from C$27.00 to C$24.00 and set a strong-buy rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Interfor currently has a consensus rating of Moderate Buy and a consensus price target of C$23.67.
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Interfor Price Performance
Interfor (TSE:IFP – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C($1.42) EPS for the quarter. Interfor had a negative net margin of 9.05% and a negative return on equity of 16.24%. The business had revenue of C$813.20 million for the quarter. As a group, analysts forecast that Interfor will post 2.8616667 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Ian Fillinger purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was bought at an average price of C$16.30 per share, for a total transaction of C$50,530.00. 0.97% of the stock is currently owned by company insiders.
About Interfor
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.
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