Interfor Co. (TSE:IFP) Given Consensus Rating of "Moderate Buy" by Analysts

Interfor Co. (TSE:IFP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$24.00.

A number of equities analysts have issued reports on IFP shares. CIBC cut their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. Raymond James cut their price objective on Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 30th. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada dropped their price target on Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Friday, December 20th.

Interfor Price Performance

Shares of TSE IFP traded down C$0.60 during trading on Wednesday, hitting C$15.75. 377,737 shares of the company were exchanged, compared to its average volume of 139,618. The firm's fifty day moving average price is C$17.57 and its 200 day moving average price is C$18.26. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The company has a market cap of C$810.34 million, a price-to-earnings ratio of -2.25 and a beta of 2.54. Interfor has a 1 year low of C$15.35 and a 1 year high of C$22.38.

Interfor (TSE:IFP - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing the consensus estimate of C($1.58) by C($0.47). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. During the same quarter last year, the business earned ($0.82) EPS. On average, sell-side analysts expect that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ian Fillinger bought 3,150 shares of Interfor stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$16.29 per share, with a total value of C$51,304.05. Corporate 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.