TD Securities Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price target reduced by equities researchers at TD Securities from C$23.00 to C$22.00 in a research note issued on Friday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 14.17% from the stock’s previous close.

Other analysts also recently issued research reports about the company. CIBC upped their target price on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. BMO Capital Markets lowered their target price on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Finally, Scotiabank lowered their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Up 0.6 %

Interfor stock opened at C$19.27 on Friday. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The business’s 50-day simple moving average is C$19.22 and its two-hundred day simple moving average is C$17.99. The company has a market cap of C$991.44 million, a PE ratio of -2.75 and a beta of 2.54. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00.

Interfor (TSE:IFP) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The firm had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. Equities analysts anticipate that Interfor will post 2.8616667 EPS for the current 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.