Interfor (TSE:IFP) Given New C$12.00 Price Target at TD

Interfor (TSE:IFP) had its price objective trimmed by TD from C$13.00 to C$12.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Canadian Imperial Bank of Commerce raised shares of Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Scotiabank upgraded shares of Interfor from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$13.00 to C$14.00 in a research report on Monday, January 26th. Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their price objective for the company from C$12.00 to C$14.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada lowered their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, TD Securities increased their price objective on shares of Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.33.

Interfor Stock Performance

Shares of TSE IFP opened at C$9.80 on Thursday. The firm has a fifty day moving average price of C$9.95 and a 200-day moving average price of C$9.20. The company has a debt-to-equity ratio of 68.89, a current ratio of 1.78 and a quick ratio of 1.15. The stock has a market cap of C$644.52 million, a PE ratio of -1.57 and a beta of 1.53. Interfor has a 1 year low of C$7.05 and a 1 year high of C$14.55.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, February 12th. The company reported C($2.03) earnings per share (EPS) for the quarter. The firm had revenue of C$600.60 million during the quarter. Interfor had a negative return on equity of 25.24% and a negative net margin of 12.27%. Equities analysts anticipate that Interfor will post 2.8616667 earnings per share 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. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.