Interfor Co. (TSE:IFP) Given Consensus Rating of “Moderate Buy” by Brokerages

Interfor Co. (TSE:IFP) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$24.00.

A number of research firms recently commented on IFP. Royal Bank of Canada lowered their price objective 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 dropped their price target on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Raymond James cut their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Finally, CIBC lowered their target price on Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th.

Interfor Price Performance

Shares of IFP opened at C$16.88 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The stock has a market cap of C$868.48 million, a P/E ratio of -2.41 and a beta of 2.54. The stock’s 50-day moving average price is C$17.83 and its two-hundred day moving average price is C$18.27. Interfor has a 1 year low of C$15.35 and a 1 year high of C$22.38.

Interfor (TSE:IFP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($2.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. During the same quarter last year, the firm posted ($0.82) EPS. On average, equities analysts predict that Interfor will post 2.8616667 earnings per share for the current year.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger bought 5,490 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is owned by insiders.

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.