West Fraser Timber (NYSE:WFG) Stock Rating Lowered by Wall Street Zen

West Fraser Timber (NYSE:WFG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently commented on WFG. TD Securities cut their price objective on West Fraser Timber from $99.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Raymond James Financial cut their price objective on West Fraser Timber from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada cut their price objective on West Fraser Timber from $117.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

West Fraser Timber Trading Down 0.8%

Shares of West Fraser Timber stock opened at $74.04 on Friday. The business’s 50 day simple moving average is $74.73 and its 200-day simple moving average is $77.94. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -435.53 and a beta of 1.15. West Fraser Timber has a twelve month low of $69.48 and a twelve month high of $102.40.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). West Fraser Timber had a return on equity of 0.99% and a net margin of 0.03%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts predict that West Fraser Timber will post 4.45 earnings per share for the current year.

Institutional Investors Weigh In On West Fraser Timber

A number of hedge funds have recently bought and sold shares of WFG. Parallel Advisors LLC raised its holdings in West Fraser Timber by 265.1% in the 2nd quarter. Parallel Advisors LLC now owns 398 shares of the company’s stock valued at $29,000 after acquiring an additional 289 shares in the last quarter. Headlands Technologies LLC acquired a new position in West Fraser Timber in the 4th quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in West Fraser Timber in the 4th quarter valued at approximately $52,000. GAMMA Investing LLC raised its holdings in West Fraser Timber by 7,588.9% in the 1st quarter. GAMMA Investing LLC now owns 692 shares of the company’s stock valued at $53,000 after acquiring an additional 683 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock valued at $93,000 after acquiring an additional 198 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.

About West Fraser Timber

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.