Scotiabank Comments on Interfor’s FY2024 Earnings (TSE:IFP)

Interfor Co. (TSE:IFP) – Investment analysts at Scotiabank decreased their FY2024 earnings per share estimates for shares of Interfor in a report issued on Monday, November 11th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of ($5.91) for the year, down from their previous estimate of ($5.51). Scotiabank has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share. Scotiabank also issued estimates for Interfor’s FY2025 earnings at $0.22 EPS and FY2026 earnings at $1.60 EPS.

IFP has been the topic of several other research reports. CIBC lifted their target price on shares of Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. TD Securities cut their price objective 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 research note on Thursday, July 18th. BMO Capital Markets decreased their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. Finally, Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Down 1.5 %

Interfor stock opened at C$19.47 on Thursday. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm’s 50-day simple moving average is C$19.39 and its 200 day simple moving average is C$18.03. The stock has a market cap of C$1.00 billion, a PE ratio of -2.78 and a beta of 2.54.

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.