Scotiabank Has Pessimistic View of Interfor FY2024 Earnings

Interfor Co. (TSE:IFP) – Equities research analysts at Scotiabank lowered their FY2024 earnings per share estimates for Interfor in a research note issued to investors 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 prior forecast 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.

A number of other equities analysts also recently weighed in on the company. CIBC upped their target price on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. TD Securities cut their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Raymond James raised 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. Finally, BMO Capital Markets dropped their price target on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Down 2.2 %

Shares of Interfor stock opened at C$18.95 on Thursday. Interfor has a 1 year low of C$15.35 and a 1 year high of C$26.00. The company has a market cap of C$974.98 million, a P/E ratio of -2.71 and a beta of 2.54. 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 stock has a 50-day moving average price of C$19.50 and a 200 day moving average price of C$18.05.

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.