Interfor (TSE:IFP) Rating Lowered to “Underperform” at CIBC

Interfor (TSE:IFP) was downgraded by investment analysts at CIBC from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$8.00 price objective on the stock, down from their prior price objective of C$9.00. CIBC’s price objective indicates a potential downside of 1.84% from the company’s previous close.

Several other equities research analysts also recently issued reports on IFP. Raymond James Financial cut their target price on shares of Interfor from C$15.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Royal Bank Of Canada reduced their target price on Interfor from C$17.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Scotiabank dropped their price target on Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. Finally, TD Securities cut their price target on Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$12.80.

Interfor Stock Up 2.5%

TSE:IFP opened at C$8.15 on Tuesday. Interfor has a twelve month low of C$7.05 and a twelve month high of C$18.79. The firm has a market capitalization of C$535.92 million, a price-to-earnings ratio of -1.45 and a beta of 2.45. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The stock’s 50 day moving average price is C$8.28 and its two-hundred day moving average price is C$11.15.

Interfor (TSE:IFP) last issued its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share for the quarter. The firm had revenue of C$689.30 million for the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%. Equities research analysts expect 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.