TD Securities Cuts Interfor (TSE:IFP) Price Target to C$20.00

Interfor (TSE:IFP) had its target price trimmed by TD Securities from C$24.00 to C$20.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

A number of other analysts have also weighed in on IFP. Scotiabank lowered their target price on Interfor from C$29.00 to C$26.00 and set an outperform rating for the company in a report on Monday, May 13th. Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. BMO Capital Markets decreased their price objective on Interfor from C$27.00 to C$24.00 and set a strong-buy rating for the company in a report on Tuesday. CIBC lowered Interfor from an outperform rating to a neutral rating and decreased their price objective for the company from C$22.00 to C$18.00 in a report on Thursday, July 18th. Finally, Raymond James lowered Interfor from a strong-buy rating to an outperform rating in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$23.67.

Interfor Stock Up 2.7 %

Shares of TSE IFP opened at C$16.85 on Tuesday. The company has a debt-to-equity ratio of 60.58, a quick ratio of 1.15 and a current ratio of 2.06. The firm has a market capitalization of C$866.93 million, a price-to-earnings ratio of -2.88 and a beta of 2.64. The stock has a 50 day moving average price of C$17.18 and a 200 day moving average price of C$19.02. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, May 9th. The company reported C($1.42) earnings per share (EPS) for the quarter. The firm had revenue of C$813.20 million during the quarter. Interfor had a negative net margin of 9.05% and a negative return on equity of 16.24%. Sell-side analysts expect that Interfor will post 2.8616667 earnings per share for the current year.

Insider Activity at Interfor

In other news, Director Ian Fillinger acquired 5,510 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of C$18.16 per share, for a total transaction of C$100,037.91. 0.97% of the stock is owned by company insiders.

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.