Q4 Earnings Forecast for Interfor Issued By Scotiabank

Interfor Co. (TSE:IFP) – Equities researchers at Scotiabank issued their Q4 2024 earnings estimates for Interfor in a note issued to investors on Monday, November 11th. Scotiabank analyst B. Isaacson anticipates that the company will earn ($0.97) per share for the quarter. Scotiabank currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Several other research analysts have also issued reports on the company. TD Securities dropped their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. CIBC increased their target price on Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. BMO Capital Markets lowered their target price on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$24.50.

Interfor Stock Performance

Shares of TSE:IFP opened at C$19.76 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. Interfor has a 12 month low of C$15.35 and a 12 month high of C$26.00. The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -2.82 and a beta of 2.54. The firm’s 50-day moving average is C$19.34 and its 200 day moving average is C$18.02.

Interfor Company Profile

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.