Interfor Co. (TSE:IFP – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$23.50.
Several equities research analysts have commented on IFP shares. Scotiabank dropped their price target on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. TD Securities cut their price target on shares of Interfor from C$24.00 to C$20.00 in a report on Tuesday, July 23rd. Raymond James boosted their price objective on shares of Interfor from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. BMO Capital Markets cut their target price on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, CIBC lifted their target price on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th.
Read Our Latest Stock Analysis on IFP
Interfor Trading Up 5.1 %
Interfor (TSE:IFP – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). The company had revenue of C$771.20 million during the quarter, compared to analyst estimates of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. As a group, equities analysts forecast that Interfor will post 2.8616667 EPS 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.
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