Interfor (TSE:IFP) PT Lowered to C$42.00

Interfor (TSE:IFPGet Rating) had its price target reduced by stock analysts at CIBC from C$48.00 to C$42.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 15.58% from the stock’s current price.

A number of other equities research analysts also recently commented on IFP. Royal Bank of Canada reduced their price objective on shares of Interfor from C$50.00 to C$45.00 in a research report on Thursday, April 7th. Scotiabank raised their price objective on shares of Interfor from C$44.00 to C$50.00 in a research report on Wednesday, January 12th. TD Securities raised their price objective on shares of Interfor from C$43.00 to C$54.00 in a research report on Wednesday, January 5th. BMO Capital Markets raised their price objective on shares of Interfor from C$37.00 to C$45.00 in a research report on Tuesday, January 25th. Finally, Raymond James restated a “strong-buy” rating and issued a C$60.00 price objective on shares of Interfor in a research report on Friday, February 4th.

Shares of IFP opened at C$36.34 on Thursday. Interfor has a fifty-two week low of C$23.30 and a fifty-two week high of C$44.56. The company has a market capitalization of C$2.21 billion and a price-to-earnings ratio of 2.83. The firm has a 50-day simple moving average of C$36.98 and a 200-day simple moving average of C$35.66. The company has a debt-to-equity ratio of 25.35, a quick ratio of 2.17 and a current ratio of 3.00.

Interfor (TSE:IFPGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported C$1.28 earnings per share for the quarter, topping the consensus estimate of C$1.14 by C$0.14. The business had revenue of C$675.90 million for the quarter. Equities research analysts forecast that Interfor will post 5.4600001 EPS for the current year.

About Interfor (Get Rating)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.

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