Interfor (TSE:IFP) PT Lowered to C$24.00 at CIBC

Interfor (TSE:IFP - Free Report) had its target price trimmed by CIBC from C$25.00 to C$24.00 in a research note published on Thursday morning, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on IFP. Raymond James lowered Interfor from a strong-buy rating to an outperform rating in a research note on Wednesday, April 3rd. Scotiabank set a C$29.00 target price on Interfor and gave the company a sector perform rating in a research note on Monday, January 22nd. Finally, TD Securities raised Interfor from a hold rating to a buy rating and lowered their target price for the company from C$27.00 to C$25.00 in a research note on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$27.60.

Interfor Price Performance

Shares of IFP traded down C$0.06 during midday trading on Thursday, reaching C$18.96. The stock had a trading volume of 153,245 shares, compared to its average volume of 169,755. The company's 50-day moving average is C$20.17 and its 200 day moving average is C$20.60. Interfor has a 12-month low of C$16.78 and a 12-month high of C$26.31. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21. The company has a market capitalization of C$975.49 million, a price-to-earnings ratio of -3.65 and a beta of 2.63.

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