Interfor (TSE:IFP) Price Target Cut to C$10.00 by Analysts at TD

Interfor (TSE:IFP) had its target price reduced by investment analysts at TD from C$12.00 to C$10.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 11.23% from the company’s previous close.

Several other research firms have also recently commented on IFP. Royal Bank Of Canada dropped their price objective on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Scotiabank raised Interfor from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$13.00 to C$14.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce raised Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Raymond James Financial cut Interfor from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from C$14.00 to C$13.00 in a research report on Friday, April 24th. Finally, TD Securities raised their target price on Interfor from C$11.00 to C$13.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$11.83.

Interfor Stock Performance

Shares of Interfor stock traded up C$0.42 during trading on Tuesday, hitting C$8.99. 451,826 shares of the company’s stock traded hands, compared to its average volume of 333,313. The company has a debt-to-equity ratio of 77.13, a current ratio of 2.12 and a quick ratio of 1.15. Interfor has a 1 year low of C$7.05 and a 1 year high of C$13.72. The stock has a market capitalization of C$591.25 million, a P/E ratio of -1.37 and a beta of 1.70. The business has a 50-day simple moving average of C$9.62 and a 200-day simple moving average of C$9.30.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. The business had revenue of C$643.20 million for the quarter. As a group, analysts forecast that Interfor will post 2.8616667 EPS for the current year.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.