Interfor (TSE:IFP) Sets New 12-Month Low at $16.41

Shares of Interfor Co. (TSE:IFP) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$16.41 and last traded at C$16.41, with a volume of 10003 shares trading hands. The stock had previously closed at C$16.89.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IFP shares. Raymond James downgraded shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada cut their price objective on shares of Interfor from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. TD Securities lowered their target price on shares of Interfor from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. BMO Capital Markets lowered their target price on shares of Interfor from C$29.00 to C$27.00 in a research note on Wednesday, April 17th. Finally, CIBC lowered their target price on shares of Interfor from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$26.00.

Interfor Stock Performance

The company has a market cap of C$833.49 million, a PE ratio of -2.79 and a beta of 2.64. The company has a current ratio of 2.06, a quick ratio of 1.15 and a debt-to-equity ratio of 60.58. The business’s 50 day moving average is C$17.96 and its two-hundred day moving average is C$20.01.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, May 9th. The company reported C($1.42) EPS for the quarter. The company had revenue of C$813.20 million during the quarter. Interfor had a negative return on equity of 16.24% and a negative net margin of 9.05%. On average, equities research analysts anticipate that Interfor Co. will post 2.8616667 EPS for the current year.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger bought 5,510 shares of Interfor stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of C$18.16 per share, for a total transaction of C$100,037.91. Insiders own 0.97% of the company’s stock.

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.