Interfor (TSE:IFP) Upgraded at Raymond James

Interfor (TSE:IFP - Get Free Report) was upgraded by investment analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a C$30.00 price target on the stock, up from their previous price target of C$26.00. Raymond James' price objective would suggest a potential upside of 47.57% from the stock's previous close.

Other analysts also recently issued research reports about the company. TD Securities downgraded Interfor from a "buy" rating to a "hold" rating and raised their price target for the stock from C$21.00 to C$23.00 in a report on Friday. CIBC boosted their price target on shares of Interfor from C$18.00 to C$19.00 and gave the company a "neutral" rating in a report on Tuesday, August 13th. Scotiabank lowered their price target on shares of Interfor from C$26.00 to C$24.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Royal Bank of Canada dropped their price target on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. Finally, Cibc World Mkts lowered Interfor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$24.00.

Interfor Stock Up 0.8 %

Interfor stock traded up C$0.17 during midday trading on Tuesday, hitting C$20.33. The stock had a trading volume of 164,417 shares, compared to its average volume of 163,505. The business has a fifty day moving average price of C$18.45 and a 200 day moving average price of C$17.89. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00. The stock has a market cap of C$1.05 billion, a P/E ratio of -2.95 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 (TSE:IFP - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts' consensus estimates of C($1.17) by C($0.30). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. The business had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million. Research 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.