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Interfor Corp (IFP-T)
TSE:IFP
18.95
0.42
(2.17%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Nasdaq climbs to cap negative weekTSX hits record highThis summary was created by AI, based on 4 opinions in the last 12 months.
Interfor Corp (IFP-T) has seen a spike in its stock due to the impact of a US hurricane, although the entire sector may remain volatile. Despite recent positive momentum, there are concerns about potential resistance levels and the need to overcome supply issues. However, some experts believe that IFP and other Canadian forestry stocks may have potential for growth, especially in comparison to US homebuilders. Overall, the consensus is mixed and caution is advised before investing in IFP.
$20.640
Unknown
Homebuilding stocks in the US have been going straight up, but Canadian forestry stocks have been going the other way. WFG has done the best in holding its share price.
IFP and CFP have really started to bottom on the charts. He hasn't done enough digging to know who has a better earnings profile. But looking at the charts, one of these might be a good bet to catch up to WFG and to the US homebuilders. Lower interest rates will have an impact as well.
TOL is one of the biggest homebuilders in the US, and a leading indicator. When it starts to go, as it has in the last few days, it's usually good for the lumber stocks.
Wood products sector doing well, but IFP not performing. Better names in the sector to own. Would not recommend buying.
Demand for lumber will continue to increase.
Short term weakness in housing (recession) not a concern for long term investors.
Expecting performance for long term investors.
If IFP can meet earnings estimates it is very cheap. Debt is still higher than most, but in a rally investors tend to ignore debt. Thus it can be a good trader. Fires can be both good and bad for the industry. Impacted companies of course can be hurt, but prices can also rise if a wide area is affected by fire. But this can be short-lived, as salvage logs can hit the market shortly after a fire. In 2021's fires, IFP had a net positive impact but its was very short term.
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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
Interfor Corp(IFP-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
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, 3 stock analysts published opinions about IFP-T. 2 analysts recommended to BUY the stock. 1 analyst 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?
3 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 2024-11-15, Interfor Corp (IFP-T) stock closed at a price of $18.95.
Whole sector can be volatile. Nice run since July, when homebuilders picked up substantially. Getting above $19 was significant. Big spike today. Don't want to see it break below $15. Will have trouble between $22-25, so might spend some time there chewing through the supply (as people get out to get their money back).