West Fraser Timber (TSE:WFG – Get Free Report) released its earnings results on Wednesday. The company reported C($1.11) EPS for the quarter, FiscalAI reports. The business had revenue of C$2.04 billion for the quarter. West Fraser Timber had a negative return on equity of 23.22% and a negative net margin of 22.93%.
West Fraser Timber Stock Performance
TSE:WFG opened at C$93.59 on Thursday. The company has a market capitalization of C$7.33 billion, a P/E ratio of -6.26 and a beta of 1.13. The business has a fifty day simple moving average of C$94.89 and a two-hundred day simple moving average of C$92.40. The company has a debt-to-equity ratio of 9.37, a current ratio of 1.84 and a quick ratio of 2.10. West Fraser Timber has a 1 year low of C$80.38 and a 1 year high of C$106.41.
Analysts Set New Price Targets
Several equities analysts recently weighed in on WFG shares. Canadian Imperial Bank of Commerce reduced their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a research report on Friday, May 1st. Raymond James Financial lowered shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$96.50.
About West Fraser Timber
West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.
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