Raymond James Cuts Interfor (TSE:IFP) Price Target to C$26.00

Interfor (TSE:IFP) had its price target reduced by equities research analysts at Raymond James from C$30.00 to C$26.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 48.23% from the stock’s previous close.

A number of other brokerages have also commented on IFP. Royal Bank of Canada cut their price objective on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. TD Securities dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Finally, CIBC dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Up 1.6 %

TSE IFP traded up C$0.28 on Thursday, reaching C$17.54. The company had a trading volume of 16,430 shares, compared to its average volume of 125,202. Interfor has a 1 year low of C$15.35 and a 1 year high of C$22.38. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The firm has a market capitalization of C$902.43 million, a PE ratio of -2.51 and a beta of 2.54. The firm has a 50-day moving average of C$18.04 and a 200-day moving average of C$18.23.

Interfor (TSE:IFP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($2.05) EPS for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. During the same quarter last year, the business posted ($0.82) earnings per share. On average, equities research analysts anticipate that Interfor will post 2.8616667 EPS for the current fiscal year.

Insider Activity at Interfor

In other news, Director Ian Fillinger bought 3,150 shares of Interfor stock in a transaction on Monday, December 30th. The stock was 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.

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.