TD Securities Issues Positive Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its price objective raised by TD Securities from C$88.00 to C$93.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. CIBC reduced their price objective on West Fraser Timber from C$113.00 to C$96.00 in a report on Tuesday, December 9th. Cibc Captl Mkts downgraded West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$94.50.

West Fraser Timber Trading Up 0.9%

Shares of WFG opened at C$97.59 on Wednesday. West Fraser Timber has a twelve month low of C$80.82 and a twelve month high of C$133.59. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The firm has a market capitalization of C$7.65 billion, a P/E ratio of -29.57 and a beta of 1.82. The firm’s 50-day moving average is C$86.24 and its two-hundred day moving average is C$93.32.

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

West Fraser Timber Company Profile

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.