Interfor Co. (TSE:IFP – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$23.50.
A number of research analysts recently commented on the stock. Cibc World Mkts downgraded shares of Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James lifted their price target on shares of Interfor from C$26.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. TD Securities lowered their target price on shares of Interfor from C$24.00 to C$20.00 in a research note on Tuesday, July 23rd. Scotiabank dropped their target price on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, CIBC lifted their price objective on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th.
Read Our Latest Report on Interfor
Interfor Stock Performance
Interfor (TSE:IFP – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) EPS for the quarter, missing the consensus estimate of C($1.17) by C($0.30). The business had revenue of C$771.20 million during 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%. Research analysts predict that Interfor will post 2.8616667 EPS 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.
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