Cibc Captl Mkts Downgrades Interfor (TSE:IFP) to Strong Sell

Interfor (TSE:IFP) was downgraded by equities researchers at Cibc Captl Mkts from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on IFP. Raymond James Financial dropped their target price on shares of Interfor from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. CIBC lowered shares of Interfor from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from C$9.00 to C$8.00 in a report on Tuesday. Royal Bank Of Canada reduced their target price on Interfor from C$17.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Scotiabank dropped their price target on Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. Finally, TD Securities cut their price target on Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$12.80.

Interfor Stock Performance

IFP stock opened at C$8.15 on Tuesday. The firm has a market cap of C$535.92 million, a PE ratio of -1.45 and a beta of 2.45. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a 50-day moving average price of C$8.28 and a 200-day moving average price of C$11.15. Interfor has a 1-year low of C$7.05 and a 1-year high of C$18.79.

Interfor (TSE:IFP) last released its earnings results on Thursday, November 6th. The company reported C($4.19) EPS for the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%.The business had revenue of C$689.30 million for the quarter. As a group, equities research analysts expect that Interfor will post 2.8616667 earnings per share for the current 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.