Raymond James Financial Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its target price reduced by Raymond James Financial from C$15.00 to C$12.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 38.73% from the company’s current price.

A number of other analysts have also recently commented on IFP. CIBC dropped their target price on shares of Interfor from C$10.00 to C$9.00 in a report on Tuesday, November 11th. Royal Bank Of Canada lowered their price target on shares of Interfor from C$17.00 to C$14.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. TD Securities dropped their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Scotiabank cut their price objective on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$13.00.

Interfor Stock Performance

Shares of IFP opened at C$8.65 on Tuesday. The company has a 50-day simple moving average of C$8.80 and a two-hundred day simple moving average of C$11.48. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The firm has a market capitalization of C$568.80 million, a PE ratio of -1.54 and a beta of 2.38. Interfor has a one year low of C$7.05 and a one year high of C$21.19.

Interfor (TSE:IFP) last announced its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) for the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%.The firm had revenue of C$689.30 million during the quarter. On average, analysts anticipate that Interfor will post 2.8616667 EPS for the current fiscal year.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.