Raymond James Analysts Lower Earnings Estimates for Interfor

Interfor Co. (TSE:IFP) – Analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for Interfor in a report released on Thursday, November 7th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($5.86) per share for the year, down from their prior forecast of ($5.62). Raymond James has a “Strong-Buy” rating and a $30.00 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 a number of other reports. CIBC increased their target price on shares of Interfor from C$22.00 to C$23.00 in a report on Friday. BMO Capital Markets reduced their price objective on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a report on Friday. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Scotiabank lowered their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Performance

TSE:IFP opened at C$19.46 on Monday. The firm’s fifty day simple moving average is C$19.22 and its 200-day simple moving average is C$17.99. 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 stock has a market cap of C$1.00 billion, a PE ratio of -2.78 and a beta of 2.54. Interfor has a fifty-two week low of C$15.35 and a fifty-two week 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.