Raymond James Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price objective cut by investment analysts at Raymond James from C$30.00 to C$26.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target would suggest a potential upside of 52.94% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. TD Securities decreased their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Finally, CIBC dropped their price target on Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Performance

Shares of IFP opened at C$17.00 on Thursday. The stock has a 50 day moving average of C$17.97 and a 200 day moving average of C$18.25. The company has a market capitalization of C$874.65 million, a price-to-earnings ratio of -2.43 and a beta of 2.54. Interfor has a 12 month low of C$15.35 and a 12 month high of C$22.38. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31.

Interfor (TSE:IFP) last released its earnings results on Wednesday, November 6th. The company reported C($2.05) EPS for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. During the same period in the prior year, the firm earned ($0.82) EPS. As a group, sell-side analysts forecast that Interfor will post 2.8616667 earnings per share for the current year.

Insider Activity

In other news, Director Ian Fillinger acquired 5,490 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by company insiders.

About Interfor

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.