Scotiabank Analysts Decrease Earnings Estimates for Interfor

Interfor Co. (TSE:IFP) – Stock analysts at Scotiabank dropped their FY2024 earnings per share estimates for Interfor in a research note issued on Monday, November 11th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($5.91) for the year, down from their previous estimate of ($5.51). 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. Scotiabank also issued estimates for Interfor’s FY2025 earnings at $0.22 EPS and FY2026 earnings at $1.60 EPS.

Several other equities research analysts have also recently weighed in on IFP. TD Securities reduced their price objective on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. BMO Capital Markets cut their price target 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. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Finally, CIBC increased their price target on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Interfor currently has a consensus rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Price Performance

Shares of TSE:IFP opened at C$18.95 on Thursday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The business has a 50 day moving average price of C$19.50 and a 200 day moving average price of C$18.05. The company has a market cap of C$974.98 million, a price-to-earnings ratio of -2.71 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.

About Interfor

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.