Interfor (TSE:IFP) Lowered to Underperform Rating by CIBC

CIBC downgraded shares of Interfor (TSE:IFP) from a neutral rating to an underperform rating in a report issued on Tuesday morning,BayStreet.CA reports. They currently have C$8.00 target price on the stock, down from their prior target price of C$9.00.

IFP has been the subject of several other research reports. Raymond James Financial decreased their price target on Interfor from C$15.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Scotiabank reduced their target price on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Monday, August 11th. TD Securities dropped their price target on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada reduced their price objective 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. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$12.80.

Interfor Stock Performance

Shares of Interfor stock opened at C$7.95 on Tuesday. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. Interfor has a one year low of C$7.05 and a one year high of C$19.16. The business has a 50-day simple moving average of C$8.32 and a 200 day simple moving average of C$11.17. The firm has a market capitalization of C$522.77 million, a price-to-earnings ratio of -1.41 and a beta of 2.45.

Interfor (TSE:IFP) last issued its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share 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 for the quarter. On average, research analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

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.