Interfor (TSE:IFP) Stock Gets Price Target Cut from TD

Interfor (TSE:IFP) had its price target cut by TD from C$16.00 to C$15.00 in a report issued on Wednesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s target price would suggest a potential upside of 18.48% from the stock’s current price.

Separately, Raymond James Financial raised Interfor from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.00.

Interfor Trading Down 2.2%

Shares of TSE IFP traded down C$0.28 during trading on Wednesday, reaching C$12.66. The stock had a trading volume of 145,174 shares, compared to its average volume of 279,738. Interfor has a fifty-two week low of C$7.05 and a fifty-two week high of C$15.74. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96. The business’s 50-day moving average price is C$14.20 and its 200-day moving average price is C$12.16. The company has a market cap of C$832.61 million, a P/E ratio of -1.88 and a beta of 1.58.

Interfor (TSE:IFP) last released its earnings results on Thursday, August 6th. The company reported C$0.02 earnings per share for the quarter. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. The company had revenue of C$804.40 million during the quarter. On average, equities research analysts predict that Interfor will post 2.86 EPS for the current fiscal year.

About Interfor

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.