Interfor Co. (TSE:IFP) – Investment analysts at Raymond James issued their FY2022 earnings per share estimates for shares of Interfor in a research report issued to clients and investors on Wednesday, April 7th. Raymond James analyst D. Swetlishoff expects that the company will post earnings of $4.06 per share for the year. Raymond James currently has a “Outperform” rating and a $47.00 price target on the stock.
Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, February 4th. The company reported C$2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.04 by C$0.43. The business had revenue of C$662.30 million for the quarter.
A number of other brokerages have also commented on IFP. BMO Capital Markets increased their price objective on Interfor from C$27.00 to C$31.00 in a research report on Monday, February 8th. TD Securities lowered Interfor from an “action list buy” rating to a “buy” rating and increased their price objective for the company from C$34.00 to C$36.00 in a research report on Monday, February 8th. Royal Bank of Canada increased their price objective on Interfor from C$34.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, February 8th. Scotiabank increased their price objective on Interfor from C$37.00 to C$40.00 in a research report on Wednesday. Finally, CIBC increased their price objective on Interfor from C$29.00 to C$37.00 in a research report on Thursday, February 4th.
IFP stock opened at C$32.10 on Friday. The business has a fifty day moving average price of C$27.45 and a 200 day moving average price of C$22.19. Interfor has a fifty-two week low of C$6.01 and a fifty-two week high of C$32.27. The stock has a market capitalization of C$2.12 billion and a price-to-earnings ratio of 7.69. The company has a debt-to-equity ratio of 39.09, a current ratio of 3.97 and a quick ratio of 3.03.
In other Interfor news, Director E. Lawrence Sauder sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of C$28.18, for a total transaction of C$267,756.55. Following the transaction, the director now owns 285,774 shares of the company’s stock, valued at C$8,054,511.61. Also, Director Ian Fillinger acquired 3,100 shares of Interfor stock in a transaction dated Thursday, March 25th. The shares were purchased at an average price of C$24.13 per share, with a total value of C$74,803.00. Following the acquisition, the director now owns 56,970 shares of the company’s stock, valued at C$1,374,686.10.
Interfor Company Profile
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.
Further Reading: What is a Roth IRA?