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

Interfor (TSE:IFP) had its price objective cut by Raymond James from C$30.00 to C$26.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Several other research firms also recently weighed in on IFP. Royal Bank of Canada decreased their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. CIBC dropped their price target on Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Finally, TD Securities reduced their price objective on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$24.00.

Interfor Stock Down 2.5 %

Shares of TSE:IFP opened at C$17.00 on Thursday. The business’s 50-day moving average is C$17.97 and its 200-day moving average is C$18.27. Interfor has a 1 year low of C$15.35 and a 1 year high of C$22.38. The company has a market capitalization of C$874.65 million, a price-to-earnings ratio of -2.43 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

Interfor (TSE:IFP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share (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 period in the prior year, the firm earned ($0.82) EPS. Equities research analysts predict that Interfor will post 2.8616667 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ian Fillinger purchased 3,150 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, for a total transaction of C$51,304.05. Corporate 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.