Interfor (TSE:IFP – Get Free Report) had its price target lifted by research analysts at TD from C$10.00 to C$14.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 3.93% from the company’s current price.
A number of other analysts have also recently issued reports on IFP. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Raymond James Financial lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from C$14.00 to C$13.00 in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reduced their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.50.
Get Our Latest Stock Report on IFP
Interfor Stock Up 7.6%
Interfor (TSE:IFP – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. The firm had revenue of C$643.20 million for the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. On average, equities analysts expect that Interfor will post 2.8616667 EPS for the current fiscal year.
About Interfor
Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.
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