West Fraser Timber Co. Ltd. (NYSE:WFG) Receives $100.00 Consensus Price Target from Brokerages

West Fraser Timber Co. Ltd. (NYSE:WFG) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $100.00.

WFG has been the topic of a number of recent analyst reports. Wall Street Zen cut West Fraser Timber from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. TD Securities decreased their price target on West Fraser Timber from $98.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, Raymond James Financial restated a “market perform” rating on shares of West Fraser Timber in a research report on Monday, July 21st.

Institutional Trading of West Fraser Timber

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of West Fraser Timber during the second quarter valued at about $56,870,000. Mackenzie Financial Corp boosted its stake in shares of West Fraser Timber by 407.6% during the second quarter. Mackenzie Financial Corp now owns 907,620 shares of the company’s stock valued at $66,599,000 after purchasing an additional 728,830 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of West Fraser Timber by 202.1% during the first quarter. Deutsche Bank AG now owns 395,101 shares of the company’s stock valued at $30,399,000 after purchasing an additional 264,322 shares in the last quarter. Lightrock Netherlands B.V. boosted its stake in shares of West Fraser Timber by 1,075.2% during the second quarter. Lightrock Netherlands B.V. now owns 259,303 shares of the company’s stock valued at $19,007,000 after purchasing an additional 237,239 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of West Fraser Timber by 10.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,394,607 shares of the company’s stock valued at $184,242,000 after purchasing an additional 232,558 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Stock Down 2.2%

WFG stock opened at $72.83 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of -41.62 and a beta of 1.15. The business’s fifty day moving average price is $73.32 and its two-hundred day moving average price is $74.41. West Fraser Timber has a fifty-two week low of $68.63 and a fifty-two week high of $102.40.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.74). West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%.The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts anticipate that West Fraser Timber will post 4.45 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Thursday, September 25th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. West Fraser Timber’s dividend payout ratio (DPR) is presently -73.14%.

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.