Brokers Issue Forecasts for Interfor FY2025 Earnings

Key Points

• Raymond James Financial has lowered its FY2025 earnings per share estimate for Interfor to **($3.23)**, down from a prior estimate of **($2.43)**, while maintaining an "Outperform" rating with a target price of **$15.00**.
• Interfor's stock has experienced various target price reductions from multiple analysts, with Scotiabank and Royal Bank of Canada adjusting targets down to **C$18.00** and **C$17.00**, respectively.
• The average rating for Interfor remains a "**Hold**," with an average target price of **C$14.80**, despite two analysts giving it a Buy rating and three a Hold rating.

Interfor Co. (TSE:IFP - Free Report) - Investment analysts at Raymond James Financial lowered their FY2025 EPS estimates for Interfor in a research note issued on Monday, October 6th. Raymond James Financial analyst D. Swetlishoff now expects that the company will post earnings of ($3.23) per share for the year, down from their previous forecast of ($2.43). Raymond James Financial currently has a "Outperform" rating and a $15.00 target price on the stock. The consensus estimate for Interfor's current full-year earnings is $2.86 per share.

A number of other analysts have also recently commented on IFP. Scotiabank reduced their target price on shares of Interfor from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. Royal Bank Of Canada reduced their price target on shares of Interfor from C$19.00 to C$17.00 and set an "outperform" rating on the stock in a research note on Thursday, October 2nd. CIBC cut their target price on shares of Interfor from C$14.00 to C$12.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. Finally, TD Securities lowered their target price on shares of Interfor from C$15.00 to C$12.00 and set a "hold" rating for the company in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Interfor currently has an average rating of "Hold" and an average target price of C$14.80.

Interfor Stock Up 0.1%

IFP opened at C$9.70 on Thursday. Interfor has a twelve month low of C$9.61 and a twelve month high of C$21.44. The stock has a market capitalization of C$637.84 million, a price-to-earnings ratio of -2.78 and a beta of 2.29. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The firm has a 50 day moving average price of C$12.17 and a 200-day moving average price of C$13.00.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.