Scotiabank Weighs in on Interfor's FY2024 Earnings (TSE:IFP)

Interfor Co. (TSE:IFP - Free Report) - Analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for Interfor in a report issued on Monday, November 11th. Scotiabank analyst B. Isaacson now expects that the company will post earnings of ($5.91) per share for the year, down from their previous estimate of ($5.51). Scotiabank has a "Outperform" rating and a $24.00 price target 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.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets cut their price target on 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. Raymond James upgraded shares of Interfor from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. TD Securities cut their price target on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Cibc World Mkts cut shares of Interfor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. Finally, CIBC increased their target price on shares of Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Three investment 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 company. Based on data from MarketBeat, Interfor has a consensus rating of "Moderate Buy" and an average target price of C$24.50.

Interfor Stock Down 1.6 %

Shares of TSE IFP traded down C$0.31 during mid-day trading on Thursday, reaching C$19.16. The company had a trading volume of 68,154 shares, compared to its average volume of 159,509. The stock has a market capitalization of C$985.78 million, a PE ratio of -2.78 and a beta of 2.54. Interfor has a twelve month low of C$15.35 and a twelve month 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 stock's 50 day moving average is C$19.39 and its 200-day moving average is C$18.03.

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.