Raymond James set a C$4.00 target price on CanWel Building Materials Group (TSE:CWX) in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock. Raymond James also issued estimates for CanWel Building Materials Group’s FY2020 earnings at $0.08 EPS and FY2021 earnings at $0.26 EPS.
CWX has been the subject of several other reports. National Bank Financial dropped their price objective on CanWel Building Materials Group from C$4.75 to C$3.75 and set an outperform rating for the company in a research note on Monday, May 18th. Canaccord Genuity downgraded CanWel Building Materials Group from a hold rating to a sell rating and dropped their price objective for the company from C$3.50 to C$2.50 in a research note on Wednesday, April 22nd. CIBC dropped their price target on CanWel Building Materials Group from C$3.75 to C$3.25 in a research report on Tuesday. Finally, Royal Bank of Canada downgraded CanWel Building Materials Group from an outperform rating to a sector perform rating and dropped their price target for the stock from C$5.00 to C$4.00 in a research report on Thursday, April 16th.
TSE CWX opened at C$3.31 on Tuesday. CanWel Building Materials Group has a 1-year low of C$2.73 and a 1-year high of C$5.71. The company has a market capitalization of $260.74 million and a P/E ratio of 14.91. The business has a 50 day moving average price of C$3.29 and a 200 day moving average price of C$4.59. The company has a debt-to-equity ratio of 131.01, a current ratio of 2.80 and a quick ratio of 0.75.
CanWel Building Materials Group (TSE:CWX) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.03. The firm had revenue of C$293.35 million during the quarter, compared to analysts’ expectations of C$293.52 million. On average, research analysts expect that CanWel Building Materials Group will post 0.32 earnings per share for the current fiscal year.
About CanWel Building Materials Group
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.
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