Interfor Co. (TSE:IFP) Receives C$24.00 Consensus Price Target from Analysts

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.00.

A number of analysts have recently commented on the company. TD Securities lowered their price target on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC lowered their target price on shares of Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Raymond James reduced their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Finally, Royal Bank of Canada decreased their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th.

Interfor Stock Performance

IFP stock opened at C$15.75 on Wednesday. Interfor has a twelve month low of C$15.35 and a twelve month high of C$22.38. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The company has a market cap of C$810.34 million, a P/E ratio of -2.25 and a beta of 2.54. The business’s fifty day moving average is C$17.67 and its 200-day moving average is C$18.26.

Interfor (TSE:IFP) last released its earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing the consensus estimate of C($1.58) by C($0.47). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. During the same period last year, the business posted ($0.82) earnings per share. Equities research analysts forecast that Interfor will post 2.8616667 EPS for the current year.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger bought 5,490 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of C$18.48 per share, for a total transaction of C$101,433.24. Insiders own 0.94% of the company’s stock.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.