Interfor (TSE:IFP) Downgraded by Raymond James Financial to Outperform

Key Points

• Raymond James downgraded Interfor from "strong‑buy" to "outperform" and cut its target to C$13, implying roughly a 25.2% upside from the stock's prior close.
• Analyst views are mixed—three Buy and three Hold produce a consensus "Moderate Buy" with an average target of C$12.17, while firms like Scotiabank raised its target to C$14 and others (RBC, TD) trimmed theirs to C$12–C$13.
• The shares traded near C$10.38 (down 0.7%), and Interfor reported a loss last quarter (EPS C($2.03)) with negative ROE and net margin, a market cap around C$683M and a negative P/E.

Interfor (TSE:IFP - Get Free Report) was downgraded by stock analysts at Raymond James Financial from a "strong-buy" rating to an "outperform" rating in a report released on Friday,BayStreet.CA reports. They currently have a C$13.00 target price on the stock, down from their previous target price of C$14.00. Raymond James Financial's target price would suggest a potential upside of 25.24% from the company's previous close.

IFP has been the subject of a number of other research reports. TD Securities upped their target price on Interfor from C$11.00 to C$13.00 and gave the stock a "hold" rating in a report on Tuesday, February 17th. Scotiabank upgraded Interfor from a "hold" rating to an "outperform" rating and upped their target price for the stock 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. Royal Bank Of Canada lowered their target price on Interfor from C$14.00 to C$13.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. Finally, TD lowered their target price on Interfor from C$13.00 to C$12.00 and set a "hold" rating for the company in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$12.17.

Interfor Trading Down 0.7%

TSE:IFP traded down C$0.07 during midday trading on Friday, hitting C$10.38. The stock had a trading volume of 50,580 shares, compared to its average volume of 320,022. Interfor has a one year low of C$7.05 and a one year high of C$14.55. The company has a market capitalization of C$682.66 million, a price-to-earnings ratio of -1.66 and a beta of 1.53. The stock has a 50-day moving average of C$9.85 and a 200 day moving average of C$9.22. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 68.89.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported C($2.03) earnings per share (EPS) for the quarter. The firm had revenue of C$600.60 million during the quarter. Interfor had a negative return on equity of 25.24% and a negative net margin of 12.27%. As a group, sell-side analysts forecast that Interfor will post 2.8616667 EPS for the current year.

About Interfor

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.

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