Interfor (TSE:IFP) Raised to “Outperform” at Scotiabank

Interfor (TSE:IFP) was upgraded by stock analysts at Scotiabank from a “hold” rating to an “outperform” rating in a report issued on Monday, MarketBeat reports. The brokerage currently has a C$14.00 price target on the stock, up from their previous price target of C$13.00. Scotiabank’s target price indicates a potential upside of 34.62% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Cibc Captl Mkts lowered Interfor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 9th. Raymond James Financial upgraded Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the stock from C$12.00 to C$14.00 in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their target price on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. CIBC downgraded shares of Interfor from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from C$9.00 to C$8.00 in a research report on Tuesday, December 9th. Finally, TD Securities lowered their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$12.20.

Interfor Stock Down 4.1%

Shares of TSE IFP opened at C$10.40 on Monday. Interfor has a 52-week low of C$7.05 and a 52-week high of C$18.33. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The business has a fifty day moving average of C$8.77 and a two-hundred day moving average of C$10.21. The stock has a market cap of C$683.87 million, a PE ratio of -1.85 and a beta of 2.48.

Interfor (TSE:IFP) last announced its earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share (EPS) 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%. As a group, 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. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.