West Fraser Timber (TSE:WFG) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

West Fraser Timber (TSE:WFG) had its target price boosted by equities researchers at Canadian Imperial Bank of Commerce from C$96.00 to C$106.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 5.90% from the company’s previous close.

Several other analysts have also commented on the company. TD Securities boosted their price target on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$101.67.

West Fraser Timber Trading Down 0.4%

Shares of WFG stock opened at C$100.09 on Friday. West Fraser Timber has a 1-year low of C$80.82 and a 1-year high of C$124.37. The business has a 50-day moving average of C$89.50 and a 200 day moving average of C$92.92. The stock has a market capitalization of C$7.84 billion, a PE ratio of -30.33 and a beta of 1.74. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

West Fraser Timber (TSE:WFG) last released its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. The firm had revenue of C$1.82 billion for the quarter. As a group, sell-side analysts anticipate 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.