Interfor Corp Forecasted to Earn FY2018 Earnings of $1.30 Per Share (IFP)
Interfor Corp (TSE:IFP) – National Bank Financial dropped their FY2018 earnings per share estimates for Interfor Corp in a research report issued to clients and investors on Tuesday. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $1.30 per share for the year, down from their previous estimate of $1.47.
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Several other analysts have also commented on the company. Royal Bank Of Canada lifted their price objective on Interfor Corp from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Securities boosted their price target on Interfor Corp from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday. CIBC raised Interfor Corp from a “neutral” rating to an “outperform” rating in a report on Monday, June 5th. Scotiabank boosted their price target on Interfor Corp from C$20.00 to C$22.50 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. boosted their price target on Interfor Corp from C$24.00 to C$26.00 and gave the company a “strong-buy” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$22.50.
Interfor Corp (IFP) traded down 0.98% during trading on Friday, hitting $19.24. The company had a trading volume of 71,538 shares. Interfor Corp has a 1-year low of $13.49 and a 1-year high of $20.40. The stock has a market capitalization of $1.35 billion and a price-to-earnings ratio of 15.69. The company’s 50 day moving average price is $18.92 and its 200-day moving average price is $18.01.
Interfor Corp Company Profile
Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.
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