Interfor (TSE:IFP) Given New C$26.00 Price Target at Raymond James

Interfor (TSE:IFP) had its target price dropped by stock analysts at Raymond James from C$30.00 to C$26.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ target price suggests a potential upside of 44.20% from the stock’s current price. Raymond James also issued estimates for Interfor’s FY2024 earnings at ($5.49) EPS, FY2025 earnings at ($0.92) EPS and FY2026 earnings at $3.16 EPS.

Several other research firms also recently issued reports on IFP. TD Securities reduced their price target on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. CIBC dropped their price objective on Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Performance

Shares of IFP stock opened at C$18.03 on Tuesday. The company has a market cap of C$927.64 million, a price-to-earnings ratio of -2.58 and a beta of 2.54. Interfor has a 52 week low of C$15.35 and a 52 week high of C$22.38. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The firm has a 50 day moving average of C$18.20 and a 200-day moving average of C$18.17.

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

Insider Activity at Interfor

In related news, Director Ian Fillinger bought 3,150 shares of Interfor stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by company insiders.

About Interfor

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.