Interfor (TSE:IFP) Stock Rating Lowered by TD Securities

Interfor (TSE:IFP - Get Free Report) was downgraded by equities researchers at TD Securities from a "buy" rating to a "hold" rating in a report issued on Friday, BayStreet.CA reports. They currently have a C$23.00 price target on the stock, up from their previous price target of C$21.00. TD Securities' price target suggests a potential upside of 14.89% from the stock's current price.

IFP has been the subject of a number of other research reports. Raymond James upped their price objective on shares of Interfor from C$26.00 to C$30.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. BMO Capital Markets decreased their price objective on shares of 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. Royal Bank of Canada reduced their price objective on shares of Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. Scotiabank lowered their price objective on shares of Interfor from C$26.00 to C$24.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Finally, Cibc World Mkts lowered Interfor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$24.00.

Interfor Price Performance

Shares of TSE IFP traded down C$0.54 during mid-day trading on Friday, reaching C$20.02. 184,308 shares of the company were exchanged, compared to its average volume of 163,899. Interfor has a 52 week low of C$15.35 and a 52 week high of C$26.00. The company's 50 day moving average price is C$18.31 and its 200 day moving average price is C$17.90. The stock has a market capitalization of C$1.03 billion, a PE ratio of -2.86 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 issued its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The firm had revenue of C$771.20 million for the quarter, compared to the consensus estimate of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. Sell-side analysts forecast that Interfor will post 2.8616667 earnings per share for the current fiscal 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.