Interfor (TSE:IFP) PT Lowered to C$28.00 at Royal Bank of Canada

Interfor (TSE:IFP) had its price objective cut by analysts at Royal Bank of Canada from C$30.00 to C$28.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 58.46% from the stock’s current price.

A number of other brokerages have also recently weighed in on IFP. BMO Capital Markets dropped their price target on Interfor from C$29.00 to C$27.00 in a research note on Wednesday. Raymond James lowered Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. CIBC cut their price target on Interfor from C$25.00 to C$24.00 in a report on Thursday, April 11th. TD Securities upgraded Interfor from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$27.00 to C$25.00 in a research report on Monday, February 12th. Finally, Scotiabank set a C$29.00 price target on shares of Interfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$27.17.

Interfor Trading Down 0.6 %

IFP stock traded down C$0.11 during mid-day trading on Friday, hitting C$17.67. 109,936 shares of the company were exchanged, compared to its average volume of 171,383. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 54.21. The firm has a market capitalization of C$909.12 million, a P/E ratio of -3.41 and a beta of 2.61. The business has a fifty day simple moving average of C$20.00 and a 200-day simple moving average of C$20.54. Interfor has a 12-month low of C$16.78 and a 12-month high of C$26.31.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). The firm had revenue of C$785.90 million for the quarter. Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. On average, equities research analysts predict that Interfor will post 2.8616667 earnings per share for the current fiscal year.

About Interfor

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.