Scotiabank Has Negative Outlook of Interfor FY2025 Earnings

Key Points

• Scotiabank has significantly reduced its FY2025 earnings per share estimate for Interfor to ($1.26), down from a previous estimate of ($0.73), while maintaining a "Sector Perform" rating with a price target of $18.00.
• Multiple analysts have adjusted their price targets for Interfor, with TD Securities lowering their target to C$16.00 and Royal Bank of Canada to C$21.00, indicating a cautious outlook on the stock.
• Interfor's shares showed a 4.6% increase, trading at C$13.32, amid broader market volatility, with a 52-week range of C$12.15 to C$21.44.

Interfor Co. (TSE:IFP - Free Report) - Research analysts at Scotiabank lowered their FY2025 EPS estimates for Interfor in a report released on Monday, August 11th. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of ($1.26) for the year, down from their previous forecast of ($0.73). Scotiabank has a "Sector Perform" rating and a $18.00 price target 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 FY2026 earnings at $0.56 EPS.

Several other research analysts also recently commented on the company. Raymond James Financial downgraded Interfor from a "strong-buy" rating to a "moderate buy" rating and dropped their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. CIBC lowered their price target on Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their price target on Interfor from C$26.00 to C$21.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$18.20.

Interfor Price Performance

TSE IFP remained flat at C$12.62 during trading hours on Thursday. The company's stock had a trading volume of 19,840 shares, compared to its average volume of 195,515. The company has a market cap of C$653.54 million, a price-to-earnings ratio of -1.54 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. Interfor has a 1 year low of C$12.15 and a 1 year high of C$21.44. The business has a fifty day moving average of C$12.91 and a two-hundred day moving average of C$14.01.

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.