Interfor (TSE:IFP) Upgraded at Scotiabank

Scotiabank upgraded shares of Interfor (TSE:IFP) from a hold rating to an outperform rating in a report released on Monday, MarketBeat.com reports. Scotiabank currently has C$14.00 price target on the stock, up from their previous price target of C$13.00.

Several other research analysts also recently weighed in on IFP. Royal Bank Of Canada dropped their target price on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Cibc Captl Mkts downgraded Interfor from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. TD Securities cut their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. CIBC lowered shares of Interfor from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from C$9.00 to C$8.00 in a research report on Tuesday, December 9th. Finally, Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and lifted their target price for the stock from C$12.00 to C$14.00 in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$12.20.

Interfor Stock Down 0.1%

TSE:IFP opened at C$10.39 on Monday. The company’s 50-day simple moving average is C$8.83 and its 200-day simple moving average is C$10.21. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. Interfor has a fifty-two week low of C$7.05 and a fifty-two week high of C$18.33. The stock has a market capitalization of C$683.22 million, a P/E ratio of -1.85 and a beta of 2.48.

Interfor (TSE:IFP) last posted its earnings results on Thursday, November 6th. The company reported C($4.19) EPS for the quarter. Interfor had a negative net margin of 13.82% and a negative return on equity of 25.85%. The firm had revenue of C$689.30 million for the quarter. On average, equities analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.