West Fraser Timber (TSE:WFG) had its target price hoisted by equities researchers at Raymond James from C$175.00 to C$180.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price target would suggest a potential upside of 60.03% from the stock’s previous close.
A number of other analysts also recently commented on WFG. Royal Bank of Canada reissued a “buy” rating and issued a C$160.00 price objective on shares of West Fraser Timber in a research note on Friday, September 10th. Scotiabank lowered their price target on shares of West Fraser Timber from C$139.00 to C$137.00 in a report on Friday, September 3rd. Finally, CIBC cut West Fraser Timber from an “outperform” rating to a “hold” rating and set a C$121.00 price target for the company. in a research note on Thursday, October 21st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$147.60.
WFG traded down C$0.17 during trading hours on Monday, hitting C$112.48. The company’s stock had a trading volume of 221,799 shares, compared to its average volume of 732,719. The business’s 50-day moving average price is C$107.20 and its 200-day moving average price is C$96.93. The company has a current ratio of 2.86, a quick ratio of 2.08 and a debt-to-equity ratio of 7.08. West Fraser Timber has a 12 month low of C$77.32 and a 12 month high of C$114.37. The stock has a market cap of C$12.02 billion and a price-to-earnings ratio of 2.98.
West Fraser Timber (TSE:WFG) last posted its quarterly earnings data on Wednesday, October 27th. The company reported C$5.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$4.92 by C$0.37. The firm had revenue of C$2.97 billion during the quarter. On average, analysts forecast that West Fraser Timber will post 15.970001 earnings per share for the current year.
West Fraser Timber Company Profile
West Fraser Timber Co Ltd., a diversified wood products company, produces and sells lumber, panels, and pulp and papers in western Canada and the southern United States. It offers spruce-pine-fir, Douglas Fir-Larch, Hem-Fir tree, and southern yellow pine lumber; treated wood products; and newsprint, wood chips, and other residuals and energy products, as well as bioproducts.