Interfor (IFP), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Raymond James’ analyst Daryl Swetlishoff, with a C$24 price target.
According to TipRanks.com, Swetlishoff is ranked 0 out of 5 stars with an average return of -8.7% and a 31.1% success rate. Swetlishoff covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Weatherford, and Norbord Inc.
Interfor has an analyst consensus of Strong Buy, with a price target consensus of C$21.25.
Based on Interfor’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$28.09 million. In comparison, last year the company had a net profit of C$36.2 million.
Interfor Corp. engages in the manufacture of wood products. It harvests and purchases logs which are sorted by species, size, and quality. Its products include appearance timbers, decking, framing, furniture, industial packaging, paneling, windows, and doors. The company was founded on May 6, 1963 and is headquartered in Vancouver, Canada.
The company’s shares closed on Friday at C$16.65.
