FY2018 EPS Estimates for Interfor Corp (IFP) Increased by National Bank Financial
Interfor Corp (TSE:IFP) – National Bank Financial increased their FY2018 EPS estimates for Interfor Corp in a research note issued to investors on Sunday. National Bank Financial analyst R. Merer now expects that the company will post earnings of $1.47 per share for the year, up from their previous forecast of $0.91. National Bank Financial has a “Sector Perform” rating and a $19.00 price objective on the stock.
A number of other analysts also recently commented on IFP. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Interfor Corp in a research report on Friday, February 10th. Scotiabank increased their price target on Interfor Corp from C$18.75 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Raymond James Financial, Inc. increased their price target on Interfor Corp from C$20.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday, February 10th. TD Securities increased their price target on Interfor Corp from C$18.00 to C$19.00 and gave the company a “hold” rating in a research report on Monday, February 13th. Finally, CIBC increased their price target on Interfor Corp from C$17.00 to C$18.00 in a research report on Thursday, February 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Interfor Corp currently has an average rating of “Buy” and a consensus target price of C$21.93.
Interfor Corp (TSE:IFP) traded down 1.39% on Wednesday, hitting $19.15. The company’s stock had a trading volume of 320,915 shares. Interfor Corp has a 12 month low of $10.21 and a 12 month high of $20.34. The firm has a 50 day moving average of $18.51 and a 200-day moving average of $16.28. The stock has a market cap of $1.34 billion and a PE ratio of 20.44.
About Interfor Corp
Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.
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