Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its price target cut by stock analysts at Canadian Imperial Bank of Commerce from C$108.00 to C$102.00 in a report released on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 13.42% from the company’s current price.

Other analysts have also issued research reports about the company. TD Securities lifted their target price on West Fraser Timber from C$88.00 to C$93.00 in a report on Wednesday, January 21st. Raymond James Financial raised West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$97.50.

West Fraser Timber Trading Up 1.2%

Shares of TSE WFG opened at C$89.93 on Wednesday. The firm’s 50 day moving average price is C$90.10 and its 200-day moving average price is C$89.74. West Fraser Timber has a 52-week low of C$80.82 and a 52-week high of C$108.40. The company has a debt-to-equity ratio of 5.69, a quick ratio of 2.10 and a current ratio of 2.13. The company has a market cap of C$7.04 billion, a PE ratio of -7.44 and a beta of 1.13.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C($13.05) earnings per share for the quarter. West Fraser Timber had a negative net margin of 20.63% and a negative return on equity of 18.45%. The firm had revenue of C$1.51 billion for the quarter. On average, equities research analysts expect that West Fraser Timber will post 8.1184776 EPS 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.