FY2024 EPS Estimates for Interfor Boosted by Raymond James

Interfor Co. (TSE:IFP) – Stock analysts at Raymond James upped their FY2024 earnings per share (EPS) estimates for shares of Interfor in a research report issued to clients and investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of ($5.49) for the year, up from their prior estimate of ($5.86). Raymond James has a “Strong-Buy” rating and a $26.00 price objective on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share. Raymond James also issued estimates for Interfor’s FY2025 earnings at ($0.92) EPS and FY2026 earnings at $3.16 EPS.

A number of other research firms also recently weighed in on IFP. TD Securities cut their price target on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Royal Bank of Canada cut their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Finally, CIBC cut their price objective on Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Three research 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. According to MarketBeat, Interfor presently has an average rating of “Moderate Buy” and a consensus price target of C$24.00.

Interfor Stock Up 2.1 %

IFP opened at C$18.40 on Wednesday. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$22.38. The business has a 50-day moving average of C$18.20 and a 200-day moving average of C$18.17. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The company has a market capitalization of C$946.68 million, a PE ratio of -2.63 and a beta of 2.54.

Interfor (TSE:IFP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. During the same period in the previous year, the company earned ($0.82) EPS.

Insider Buying and Selling at Interfor

In other Interfor news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company’s stock.

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.