Buy, Sell or Hold: Interfor Corp (IFP-T) — Stock Predictions at Stockchase

TSE:IFP

37.64

1.92 (4.85%) 1d

Showing 1 to 15 of 160 entries

HOLD

Well-managed. The whole lumber industry had a massive run-up in prices given demand in renovations and new houses as well as supply contraints. The sector has pulled back a lot, but has climbed recently. The outlook is good. They trade at half this PEs now. The balance sheet is clean and IFP has a strong presence in the U.S. south. He likes it. Has a strong balance and generates tons of cash.

west coast forestry

DON'T BUY

See his comments on Domain. It's a commodity producer, and he doesn't buy price-takers. He's very bearish on lumber prices; we won't be buying lumber to build decks again (after the 2020 lockdowns).

west coast forestry

HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Commodity prices are jumping violently. The company is debt free and has excess cash. They are very cheap. Although earnings are expected to fall, the economic backdrop is positive for the sector overall. Unlock Premium - Try 5i Free

west coast forestry

PARTIAL SELL

The easy money has been made, but he doesn't see a pullback. He doesn't see much upside. Take profits. The lumber outlook for 2022 is decent, but valuations are rich in these stocks.

west coast forestry

DON'T BUY

Does not have exposure to lumber producers. With commodity producers, need to look at commodity prices. Probably has peaked. It was a one time surge for detached new homes and renovation products. This is not a slope change, but a one time blip. Lumber, unlike oil and gold, is renewable resource. We are seeing a supply response.

west coast forestry

BUY

The free cashflow coming off this stock is phenomenal. Trading at 2x expected earnings this year. Forest product companies are difficult due to the fact they sell commodities. Primarily the owner of lumber mills. There is a shortage of lumber in the NA market due to continual moves by the US against the Canadian lumber industry. American housing is growing but there is not enough lumber which has shot the price up. There has been pullback recently. The cashflow is still huge and the stock is a bargain at these levels. (Analysts’ price target is $49.00)

west coast forestry

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Investors should not expect the same level of returns over the past year. However, cash flow is increasing sharply and valuation remains very cheap. The sector conditions are favourable with jobs, rats and economic growth. Unlock Premium - Try 5i Free

west coast forestry

HOLD

Super hot market. Lumber prices have checked back a bit, but this is short-term and they'll recover. Generating tons of free cash.

west coast forestry

SELL

Canadian forestry stocks Lumber prices have seen a huge rise this year along with many commodities, given demand but also supply constraints caused by the pandemic. As a group these stocks are discounting $400-500 against lumber futures, which show that prices will come down. He's wary of these stocks. He would sell. The good times won't last forever, and things can change very quickly.

west coast forestry

DON'T BUY

No surprise that shares have come off after paying their dividend. This is normal. The recent decline in lumber prices (at record highs) doesn't worry him. However, commodity stocks are at the mercy of those commodity prices, which is why he avoids them. They go up and down and he won't guess where lumber prices and IFP will go in the future, but he wouldn't be surprised if there was more downside.

west coast forestry

HOLD

Should hold even though it has run up quite far. Lumber prices are astronomical, up 50% in the last quarter. Not a lot of factors that would stop or slow this. Home building is off the charts. New capacity is difficult due to covid. Will have excess cashflow. Not expensive at 4x enterprise value, 6x cashflow and 30% ROE. Still has more legs.

west coast forestry

BUY on WEAKNESS

Earnings expectations are for a $0.14 loss this year per share, compared to $1.23 from last year. The company has recovered to strongly on the US housing market recovery. Based on historic valuations relative to book value he sees a range of $11 to $16 for the share price. It has a good balance sheet. He is cautious.

west coast forestry

BUY on WEAKNESS

It has done phenomenally well off the bottom. It took him by surprise. With lower interest rates you should see more housing starts. It has had a good move, though. Lumber stocks are very cyclical in nature. A new cycle could accelerate these forestry stocks. He tends to trade around a position in this sector. (Analysts’ price target is $13.42)

west coast forestry

DON'T BUY

WY-N vs. IFP-T. WY-N often looks the most expensive at the bottom of the cycle. It does not have great momentum. It beat on the recent quarter. Its balance sheet is okay. He would prefer this to, for example, IFP-T. He would not buy either until earnings come in.

west coast forestry

WATCH

Refunding of tariffs It's on his shortlist as he watches the forestry group. The tariffs refund are definitely good. He wants to see longer-term stability in housing starts first. Reason is that a lot of housing are steel and concrete condos, not wooden houses. The whole sector is under a cloud, though bottoming now. He'd watch this another quarter.

west coast forestry

Showing 1 to 15 of 160 entries

Interfor Corp(IFP-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 11

Stockchase rating for Interfor Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Interfor Corp(IFP-T) Frequently Asked Questions

What is Interfor Corp stock symbol?

Interfor Corp is a Canadian stock, trading under the symbol IFP-T on the Toronto Stock Exchange (IFP-CT). It is usually referred to as TSX:IFP or IFP-T

Is Interfor Corp a buy or a sell?

In the last year, 11 stock analysts published opinions about IFP-T. 2 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Interfor Corp.

Is Interfor Corp a good investment or a top pick?

Interfor Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Interfor Corp.

Why is Interfor Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Interfor Corp worth watching?

11 stock analysts on Stockchase covered Interfor Corp In the last year. It is a trending stock that is worth watching.

What is Interfor Corp stock price?

On 2022-01-21, Interfor Corp (IFP-T) stock closed at a price of $37.64.

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