Interfor (TSE:IFP) Price Target Lowered to C$27.00 at BMO Capital Markets

Interfor (TSE:IFP) had its target price lowered by BMO Capital Markets from C$29.00 to C$27.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Several other analysts have also issued reports on IFP. CIBC reduced their price target on shares of Interfor from C$25.00 to C$24.00 in a research report on Thursday, April 11th. TD Securities upgraded shares of Interfor from a hold rating to a buy rating and reduced their price target for the stock from C$27.00 to C$25.00 in a research report on Monday, February 12th. Raymond James lowered shares of Interfor from a strong-buy rating to an outperform rating in a research report on Wednesday, April 3rd. Finally, Scotiabank set a C$29.00 price target on shares of Interfor and gave the stock a sector perform rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$27.50.

Interfor Stock Performance

Shares of TSE:IFP opened at C$17.93 on Wednesday. The company’s 50 day moving average price is C$20.00 and its two-hundred day moving average price is C$20.54. Interfor has a 12-month low of C$16.78 and a 12-month high of C$26.31. The firm has a market cap of C$922.50 million, a PE ratio of -3.45 and a beta of 2.61. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 54.21.

Interfor (TSE:IFP) last announced its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. The business had revenue of C$785.90 million for the quarter. Equities research analysts predict that Interfor will post 2.8616667 earnings per share for the current year.

Interfor Company Profile

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.