Scotiabank Comments on Interfor’s Q4 Earnings (TSE:IFP)

Interfor Co. (TSE:IFPFree Report) – Equities research analysts at Scotiabank issued their Q4 2024 earnings per share (EPS) estimates for Interfor in a research note issued to investors on Monday, November 11th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings of ($0.97) per share for the quarter. 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.

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

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Interfor Stock Performance

TSE:IFP opened at C$19.47 on Wednesday. The company has a 50-day moving average of C$19.39 and a 200-day moving average of C$18.03. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -2.78 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. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00.

About Interfor

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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.

Further Reading

Earnings History and Estimates for Interfor (TSE:IFP)

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