Interfor Co. (TSE:IFP) Receives C$24.00 Average Price Target from Analysts

Interfor Co. (TSE:IFP - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. 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 company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$24.00.

Several research firms have commented on IFP. Cibc World Mkts lowered Interfor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 18th. CIBC raised their price target on shares of Interfor from C$18.00 to C$19.00 and gave the company a "neutral" rating in a research report on Tuesday, August 13th. Royal Bank of Canada decreased their price objective on shares of Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. BMO Capital Markets dropped their target price on Interfor from C$27.00 to C$24.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, July 23rd. Finally, Scotiabank reduced their price target on Interfor from C$26.00 to C$24.00 and set an "outperform" rating for the company in a report on Monday, August 12th.

Interfor Stock Performance

Shares of TSE:IFP traded down C$0.68 on Monday, hitting C$20.19. 157,899 shares of the company were exchanged, compared to its average volume of 162,849. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The stock's 50 day moving average price is C$18.66 and its 200 day moving average price is C$17.90. Interfor has a 1-year low of C$15.35 and a 1-year high of C$26.00. The firm has a market capitalization of C$1.04 billion, a P/E ratio of -2.88 and a beta of 2.54.

Interfor (TSE:IFP - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$771.20 million for the quarter, compared to analysts' expectations of C$774.00 million. Sell-side analysts predict that Interfor will post 2.8616667 EPS for the current year.

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.