Interfor (TSE:IFP) Stock Rating Lowered by Raymond James Financial

Interfor (TSE:IFP) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. They currently have a C$13.00 price objective on the stock, down from their prior price objective of C$14.00. Raymond James Financial’s price objective would suggest a potential upside of 25.85% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. TD dropped their price objective on shares of Interfor from C$13.00 to C$12.00 and set a “hold” rating for the company in a research note on Thursday, April 16th. Scotiabank raised 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 note on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. TD Securities upped their price target 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. Finally, Royal Bank Of Canada decreased their price target 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, April 16th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.17.

Interfor Price Performance

Shares of TSE:IFP opened at C$10.33 on Friday. The company has a market cap of C$679.37 million, a price-to-earnings ratio of -1.65 and a beta of 1.53. 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 firm has a 50 day simple moving average of C$9.84 and a 200 day simple moving average of C$9.22. Interfor has a one year low of C$7.05 and a one year high of C$14.55.

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