Interfor (TSE:IFP) PT Lowered to C$27.00

Interfor (TSE:IFP - Get Free Report) had its price target dropped by equities researchers at BMO Capital Markets from C$29.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets' price objective suggests a potential upside of 50.59% from the company's current price.

A number of other research analysts also recently commented on IFP. Raymond James downgraded shares of Interfor from a "strong-buy" rating to an "outperform" rating in a report on Wednesday, April 3rd. CIBC lowered their price target on shares of Interfor from C$25.00 to C$24.00 in a report on Thursday, April 11th. TD Securities raised shares of Interfor from a "hold" rating to a "buy" rating and lowered their price target for the company from C$27.00 to C$25.00 in a report on Monday, February 12th. Finally, Scotiabank set a C$29.00 price target on shares of Interfor and gave the company a "sector perform" rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$27.50.

Interfor Price Performance

Shares of IFP traded up C$0.03 during midday trading on Wednesday, hitting C$17.93. 193,805 shares of the company traded hands, compared to its average volume of 172,121. The firm has a 50 day moving average of C$20.00 and a 200-day moving average of C$20.54. Interfor has a 52 week low of C$16.78 and a 52 week high of C$26.31. The stock has a market cap of C$922.50 million, a price-to-earnings ratio of -3.45 and a beta of 2.61. The company has a debt-to-equity ratio of 54.21, a quick ratio of 1.15 and a current ratio of 2.00.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing analysts' consensus estimates of C($1.65) by C($1.64). Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. The business had revenue of C$785.90 million during the quarter. On average, analysts forecast 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.