Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

Interfor Co. (TSE:IFP) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$24.00.

A number of research analysts recently weighed in on IFP shares. TD Securities decreased their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Royal Bank of Canada decreased 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. CIBC cut their target price on shares of Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Finally, Raymond James decreased their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th.

Insider Activity at Interfor

In related news, Director Ian Fillinger acquired 3,150 shares of the company’s 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. 0.94% of the stock is currently owned by corporate insiders.

Interfor Stock Performance

Shares of IFP opened at C$16.88 on Wednesday. The company has a market cap of C$868.48 million, a PE ratio of -2.41 and a beta of 2.54. The firm has a 50-day moving average of C$17.83 and a 200-day moving average of C$18.27. Interfor has a one year low of C$15.35 and a one 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.

Interfor (TSE:IFP) last posted its quarterly earnings results 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 period in the prior year, the firm posted ($0.82) EPS. As a group, equities analysts forecast that Interfor will post 2.8616667 earnings per share 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.