TD Securities Has Lowered Expectations for West Fraser Timber (NYSE:WFG) Stock Price

West Fraser Timber (NYSE:WFG) had its price objective dropped by equities researchers at TD Securities from $110.00 to $99.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 35.05% from the company’s current price.

A number of other equities analysts have also weighed in on WFG. Scotiabank dropped their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating for the company in a research report on Tuesday, February 18th. Raymond James dropped their target price on shares of West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $103.80.

West Fraser Timber Stock Performance

Shares of West Fraser Timber stock opened at $73.31 on Thursday. The stock has a market cap of $5.67 billion, a P/E ratio of -349.08 and a beta of 1.21. The stock’s fifty day moving average is $76.76 and its 200 day moving average is $86.54. West Fraser Timber has a one year low of $69.48 and a one year high of $102.40.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. Analysts predict that West Fraser Timber will post 4.45 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WFG. Headlands Technologies LLC bought a new position in West Fraser Timber during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new position in shares of West Fraser Timber in the fourth quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in West Fraser Timber in the fourth quarter worth $52,000. GAMMA Investing LLC raised its stake in West Fraser Timber by 7,588.9% during the first quarter. GAMMA Investing LLC now owns 692 shares of the company’s stock valued at $53,000 after purchasing an additional 683 shares in the last quarter. Finally, Signaturefd LLC lifted its position in West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock valued at $93,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.