Interfor (TSE:IFP) Price Target Lowered to C$26.00 at Raymond James

Interfor (TSE:IFP - Get Free Report) had its price objective cut by research analysts at Raymond James from C$30.00 to C$26.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a "strong-buy" rating on the stock. Raymond James' price target points to a potential upside of 44.28% from the stock's current price.

Several other analysts also recently weighed in on IFP. TD Securities dropped their price objective on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. CIBC dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada decreased their price target on shares of Interfor from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$24.00.

Interfor Price Performance

IFP stock traded down C$0.04 during mid-day trading on Tuesday, hitting C$18.02. The stock had a trading volume of 133,918 shares, compared to its average volume of 124,018. The firm has a fifty day simple moving average of C$18.26 and a 200 day simple moving average of C$18.15. The firm has a market capitalization of C$927.13 million, a P/E ratio of -2.57 and a beta of 2.54. 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 52 week low of C$15.35 and a 52 week high of C$22.38.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the firm earned ($0.82) earnings per share. As a group, research analysts forecast that Interfor will post 2.8616667 EPS for the current year.

Insider Activity

In other Interfor news, Director Ian Fillinger acquired 3,150 shares of Interfor stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by 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.