Q3 2016 EPS Estimates for Interfor Corp Decreased by National Bank Financial (IFP)
Interfor Corp (TSE:IFP) – National Bank Financial dropped their Q3 2016 earnings per share (EPS) estimates for Interfor Corp in a note issued to investors on Tuesday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.40. National Bank Financial also issued estimates for Interfor Corp’s FY2016 earnings at $0.99 EPS.
A number of other equities analysts have also recently issued reports on the company. Scotiabank reiterated an “outperform” rating and issued a C$16.50 price objective on shares of Interfor Corp in a report on Friday, July 29th. Raymond James Financial Inc. cut their price objective on Interfor Corp from C$16.50 to C$15.75 in a report on Thursday, July 7th. Dundee Securities raised Interfor Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, TD Securities boosted their target price on Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$16.46.
Shares of Interfor Corp (TSE:IFP) opened at 14.88 on Friday. The firm has a market cap of $1.04 billion and a PE ratio of 72.59. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The company’s 50-day moving average price is $14.98 and its 200 day moving average price is $13.19.
Interfor Corp Company Profile
Interfor Corporation, formerly International Forest Products Limited, is a Canada-based supplier of lumber products. The Company operates through solid wood segment. The Company offers lumber products to customers in North America, the Asia-Pacific region and Europe. The Company operates approximately five sawmills in British Columbia.
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