Interfor (TSE:IFP) Lowered to Outperform at Raymond James

Interfor (TSE:IFP - Get Free Report) was downgraded by stock analysts at Raymond James from a "strong-buy" rating to an "outperform" rating in a research note issued to investors on Wednesday, BayStreet.CA reports.

A number of other research firms have also weighed in on IFP. CIBC reduced their price objective on shares of Interfor from C$30.00 to C$25.00 and set an "outperform" rating on the stock in a research report on Monday, February 12th. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the stock a "sector perform" rating in a research report on Monday, January 22nd. Finally, TD Securities raised shares of Interfor from a "hold" rating to a "buy" rating and reduced their price objective for the stock from C$27.00 to C$25.00 in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$27.80.

Interfor Price Performance

Shares of TSE IFP traded down C$0.69 during mid-day trading on Wednesday, hitting C$19.73. 217,716 shares of the company's stock traded hands, compared to its average volume of 167,570. The company's 50-day moving average is C$20.39 and its two-hundred day moving average is C$20.67. The company has a debt-to-equity ratio of 54.21, a current ratio of 2.00 and a quick ratio of 1.15. The company has a market capitalization of C$1.02 billion, a P/E ratio of -3.80 and a beta of 2.63. Interfor has a 1 year low of C$16.78 and a 1 year high of C$26.31.

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

Interfor Company Profile

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.