Interfor (TSE:IFP) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Interfor (TSE:IFP) from an outperform rating to a strong-buy rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has C$30.00 target price on the stock, up from their previous target price of C$26.00. Raymond James also issued estimates for Interfor’s FY2024 earnings at ($5.62) EPS, FY2025 earnings at $0.02 EPS and FY2026 earnings at $3.78 EPS.

IFP has been the subject of several other reports. Scotiabank cut their price target on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. CIBC raised their price target on Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. BMO Capital Markets cut their price objective on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. Finally, TD Securities downgraded shares of Interfor from a “buy” rating to a “hold” rating and raised their target price for the company from C$21.00 to C$23.00 in a research note on Friday, October 18th. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Performance

TSE:IFP opened at C$20.03 on Tuesday. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The business’s fifty day moving average is C$18.60 and its 200 day moving average is C$17.89. 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 firm has a market cap of C$1.03 billion, a price-to-earnings ratio of -2.86 and a beta of 2.54.

Interfor (TSE:IFP) last announced its quarterly 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 firm had revenue of C$771.20 million during the quarter, compared to analysts’ expectations 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 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.