Raymond James Issues Pessimistic Forecast for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price target lowered by Raymond James from C$30.00 to C$26.00 in a research report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Interfor’s FY2024 earnings at ($5.49) EPS, FY2025 earnings at ($0.92) EPS and FY2026 earnings at $3.16 EPS.

A number of other analysts have also issued reports on IFP. Royal Bank of Canada dropped their price objective on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. TD Securities cut their price target on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Finally, CIBC lowered their price objective on Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.00.

Interfor Stock Up 2.1 %

Shares of Interfor stock opened at C$18.40 on Tuesday. The company has a fifty day moving average price of C$18.20 and a 200 day moving average price of C$18.17. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. Interfor has a twelve month low of C$15.35 and a twelve month high of C$22.38. The stock has a market cap of C$946.68 million, a price-to-earnings ratio of -2.63 and a beta of 2.54.

Interfor (TSE:IFP) last posted its earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. During the same period last year, the business posted ($0.82) earnings per share. Equities research analysts forecast that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian Fillinger acquired 3,150 shares of Interfor stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. Insiders own 0.94% of the company’s stock.

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.