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

West Fraser Timber (TSE:WFG) was downgraded by research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on WFG. TD Securities increased their price objective on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce decreased their price objective on West Fraser Timber from C$108.00 to C$102.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$97.50.

West Fraser Timber Stock Down 0.5%

West Fraser Timber stock opened at C$89.50 on Thursday. West Fraser Timber has a twelve month low of C$80.82 and a twelve month high of C$108.40. The stock has a 50 day moving average of C$89.89 and a two-hundred day moving average of C$89.68. The company has a current ratio of 2.13, a quick ratio of 2.10 and a debt-to-equity ratio of 5.69. The stock has a market capitalization of C$7.01 billion, a price-to-earnings ratio of -7.41 and a beta of 1.13.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C($13.05) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 18.45% and a negative net margin of 20.63%.The company had revenue of C$1.51 billion for the quarter. As a group, research analysts expect 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.