Interfor (TSE:IFP) Price Target Raised to C$23.00 at CIBC

Interfor (TSE:IFP - Get Free Report) had its target price lifted by stock analysts at CIBC from C$22.00 to C$23.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 19.23% from the company's previous close.

Other analysts also recently issued reports about the stock. Raymond James raised shares of Interfor from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada reduced their price target on shares of Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. TD Securities lowered their price objective on Interfor from C$23.00 to C$22.00 in a research report on Friday. Cibc World Mkts lowered Interfor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. Finally, BMO Capital Markets decreased their price target on Interfor from C$27.00 to C$24.00 and set a "strong-buy" rating for the company in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Interfor currently has a consensus rating of "Moderate Buy" and an average target price of C$24.50.

Interfor Stock Up 0.7 %

Shares of TSE IFP traded up C$0.13 on Friday, reaching C$19.29. 25,489 shares of the company's stock traded hands, compared to its average volume of 160,435. The business's 50 day simple moving average is C$19.17 and its two-hundred day simple moving average is C$17.98. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00. The company has a market cap of C$992.47 million, a price-to-earnings ratio of -2.76 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($1.17) by C($0.30). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. The company had revenue of C$771.20 million for the quarter, compared to analysts' expectations of C$774.00 million. As a group, equities research analysts forecast that Interfor will post 2.8616667 EPS for the current fiscal 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.

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