TD Cuts Interfor (TSE:IFP) Price Target to C$12.00

Interfor (TSE:IFP) had its price target reduced by TD from C$13.00 to C$12.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other analysts have also recently commented on IFP. TD Securities lifted their price target on Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada lowered their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday. Scotiabank upgraded Interfor from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$13.00 to C$14.00 in a report on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded Interfor from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Finally, Raymond James Financial upgraded Interfor from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$12.00 to C$14.00 in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Interfor has an average rating of “Moderate Buy” and an average price target of C$12.33.

Interfor Stock Up 4.4%

IFP opened at C$10.23 on Thursday. The company has a debt-to-equity ratio of 68.89, a current ratio of 1.78 and a quick ratio of 1.15. The stock has a market capitalization of C$672.80 million, a price-to-earnings ratio of -1.63 and a beta of 1.53. The business has a 50-day moving average of C$9.93 and a two-hundred day moving average of C$9.20. Interfor has a 12 month low of C$7.05 and a 12 month high of C$14.55.

Interfor (TSE:IFP) last posted its quarterly earnings results on Thursday, February 12th. The company reported C($2.03) EPS for the quarter. The business had revenue of C$600.60 million during the quarter. Interfor had a negative net margin of 12.27% and a negative return on equity of 25.24%. On average, research analysts expect that Interfor will post 2.8616667 earnings per share for the current 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.