TD Securities Issues Pessimistic Forecast for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price target reduced by TD Securities from C$23.00 to C$22.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on IFP. Scotiabank decreased their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets decreased their target price on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.50.

Interfor Stock Up 0.6 %

Shares of IFP stock opened at C$19.27 on Friday. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The stock has a market cap of C$991.44 million, a PE ratio of -2.75 and a beta of 2.54. The business’s fifty day moving average is C$19.22 and its 200-day moving average is C$17.99. Interfor has a 1 year low of C$15.35 and a 1 year high of C$26.00.

Interfor (TSE:IFP) last issued its earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). The company had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. Equities analysts expect that Interfor will post 2.8616667 earnings per share for the current fiscal year.

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.