Interfor (TSE:IFP – Free Report) had its price objective reduced by BMO Capital Markets from C$29.00 to C$27.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
A number of other brokerages also recently weighed in on IFP. CIBC lowered their price target on Interfor from C$25.00 to C$24.00 in a report on Thursday, April 11th. Scotiabank set a C$29.00 price target on Interfor and gave the company a sector perform rating in a report on Monday, January 22nd. Raymond James downgraded Interfor from a strong-buy rating to an outperform rating in a report on Wednesday, April 3rd. Finally, TD Securities upgraded Interfor from a hold rating to a buy rating and lowered their price target for the company from C$27.00 to C$25.00 in a report on Monday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$27.17.
Read Our Latest Stock Report on Interfor
Interfor Stock Performance
Interfor (TSE:IFP – Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). The company had revenue of C$785.90 million during the quarter. Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. As a group, sell-side analysts forecast that Interfor will post 2.8616667 earnings per share for the current fiscal 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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