National Bank Financial Comments on Interfor Corp’s Q3 2016 Earnings (IFP)
Interfor Corp (TSE:IFP) – Equities research analysts at National Bank Financial decreased their Q3 2016 EPS estimates for Interfor Corp in a research note issued on Tuesday. National Bank Financial analyst R. Merer now expects that the brokerage will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.40. National Bank Financial also issued estimates for Interfor Corp’s FY2016 earnings at $0.99 EPS.
Several other analysts have also recently commented on the company. Scotiabank reissued an “outperform” rating and issued a C$16.50 price target on shares of Interfor Corp in a report on Friday, July 29th. Raymond James Financial Inc. reduced their price target on Interfor Corp from C$16.50 to C$15.75 in a report on Thursday, July 7th. Dundee Securities raised Interfor Corp from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, TD Securities raised their price target on Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$16.46.
Shares of Interfor Corp (TSE:IFP) traded up 0.55% during mid-day trading on Friday, reaching $14.75. The company’s stock had a trading volume of 116,916 shares. The firm has a market capitalization of $1.03 billion and a P/E ratio of 71.95. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The company’s 50-day moving average is $15.00 and its 200 day moving average is $13.17.
About Interfor Corp
Interfor Corporation, formerly International Forest Products Limited, is a Canada-based supplier of lumber products. The Company operates through solid wood segment. The Company offers lumber products to customers in North America, the Asia-Pacific region and Europe. The Company operates approximately five sawmills in British Columbia.
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