Interfor (TSE:IFP - Get Free Report) had its target price decreased by Raymond James from C$30.00 to C$26.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "strong-buy" rating on the stock. Raymond James' price objective points to a potential upside of 55.50% from the stock's current price.
A number of other analysts also recently commented on IFP. Royal Bank of Canada lowered their target price on 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. CIBC cut their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Wednesday, January 15th. Finally, TD Securities dropped their price target on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Three 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. Based on data from MarketBeat, Interfor has an average rating of "Moderate Buy" and an average price target of C$24.00.
View Our Latest Report on Interfor
Interfor Stock Performance
TSE IFP traded down C$0.28 during trading hours on Thursday, reaching C$16.72. The stock had a trading volume of 159,143 shares, compared to its average volume of 131,324. Interfor has a 52-week low of C$15.35 and a 52-week high of C$22.38. 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 stock has a market cap of C$860.24 million, a P/E ratio of -2.39 and a beta of 2.54. The stock has a fifty day moving average of C$17.97 and a 200 day moving average of C$18.27.
Interfor (TSE:IFP - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($2.05) EPS for the quarter, missing the consensus estimate 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 previous year, the company earned ($0.82) earnings per share. Sell-side analysts predict that Interfor will post 2.8616667 earnings per share for the current year.
Insider Buying and Selling at Interfor
In other news, Director Ian Fillinger purchased 3,150 shares of the stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company's stock.
About Interfor
(
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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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