Interfor - IFP Stock Forecast, Price & News

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors. It also provides logs, wood chips, and other residuals. The company was formerly known as International Forest Products Limited and changed its name to Interfor Corporation in May 2014. Interfor Corporation was incorporated in 1963 and is headquartered in Burnaby, Canada.

Interfor Price Performance

Shares of TSE:IFP traded down C$0.13 during midday trading on Friday, reaching C$32.60. 187,221 shares of the company's stock were exchanged, compared to its average volume of 410,798. The company's 50 day simple moving average is C$29.11 and its two-hundred day simple moving average is C$33.89. The firm has a market capitalization of C$1.79 billion and a PE ratio of 2.10. Interfor has a 12 month low of C$23.30 and a 12 month high of C$44.56. The company has a debt-to-equity ratio of 24.83, a quick ratio of 0.85 and a current ratio of 1.98.

Interfor (TSE:IFP - Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$6.61 EPS for the quarter, missing analysts' consensus estimates of C$7.38 by C($0.77). The firm had revenue of C$1.35 billion for the quarter. Equities research analysts expect that Interfor will post 5.5199999 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CIBC reduced their price target on shares of Interfor from C$45.00 to C$40.00 in a report on Friday, July 8th.

Insider Transactions at Interfor

In other Interfor news, Senior Officer Richard Pozzebon acquired 3,000 shares of Interfor stock in a transaction dated Monday, May 16th. The stock was bought at an average cost of C$33.37 per share, with a total value of C$100,110.00. Following the acquisition, the insider now owns 10,146 shares of the company's stock, valued at C$338,572.02. In other news, Senior Officer Eric Larouche bought 1,000 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average price of C$25.25 per share, for a total transaction of C$25,250.00. Following the transaction, the insider now directly owns 7,000 shares of the company's stock, valued at approximately C$176,750. Also, Senior Officer Richard Pozzebon bought 3,000 shares of the company's stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average price of C$33.37 per share, with a total value of C$100,110.00. Following the transaction, the insider now directly owns 10,146 shares in the company, valued at C$338,572.02. In the last three months, insiders acquired 8,000 shares of company stock valued at $225,912.