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

Interfor Co. (TSE:IFP) – Equities research analysts at Scotiabank lowered their FY2024 EPS estimates for Interfor in a report released on Monday, November 11th. Scotiabank analyst B. Isaacson now anticipates that the company will earn ($5.91) per share for the year, down from their previous forecast 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 subject of several other research reports. 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 research note on Tuesday, July 23rd. TD Securities decreased their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Cibc World Mkts lowered Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. CIBC increased their price objective on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Finally, Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Three 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. According to data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.50.

Interfor Trading Down 0.5 %

Shares of Interfor stock opened at C$19.37 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The company has a fifty day simple moving average of C$19.39 and a 200-day simple moving average of C$18.03. The stock has a market cap of C$996.59 million, a price-to-earnings ratio of -2.76 and a beta of 2.54. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00.

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.