West Fraser Timber (TSE:WFG) Stock Rating Upgraded by Raymond James Financial

West Fraser Timber (TSE:WFG) was upgraded by investment analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

WFG has been the topic of several other reports. CIBC dropped their target price on shares of West Fraser Timber from C$113.00 to C$96.00 in a report on Tuesday, December 9th. Cibc Captl Mkts cut shares of West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$96.00.

West Fraser Timber Stock Performance

TSE WFG opened at C$96.27 on Wednesday. The company has a market cap of C$7.54 billion, a P/E ratio of -29.17 and a beta of 1.82. The business’s 50 day moving average price is C$85.06 and its 200-day moving average price is C$93.51. West Fraser Timber has a fifty-two week low of C$80.82 and a fifty-two week high of C$133.59. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.The firm had revenue of C$1.82 billion for the quarter. Sell-side analysts predict that West Fraser Timber will post 8.1184776 earnings per share for the current year.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.