West Fraser Timber Co. Ltd. (TSE:WFG – Get Free Report) shares were down 2.1% on Wednesday. The stock traded as low as C$94.75 and last traded at C$95.87. 193,232 shares changed hands during trading, an increase of 13% from the average daily volume of 171,016 shares. The stock had previously closed at C$97.94.
Wall Street Analyst Weigh In
Separately, Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, West Fraser Timber currently has an average rating of “Moderate Buy” and a consensus target price of C$96.50.
Check Out Our Latest Stock Report on West Fraser Timber
West Fraser Timber Trading Down 1.8%
The company has a fifty day simple moving average of C$95.82 and a two-hundred day simple moving average of C$93.48. The company has a market capitalization of C$7.34 billion, a P/E ratio of -6.81 and a beta of 1.05. The company has a debt-to-equity ratio of 9.54, a current ratio of 2.29 and a quick ratio of 2.10.
West Fraser Timber (TSE:WFG – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported C($1.47) earnings per share (EPS) for the quarter. The company had revenue of C$1.94 billion for the quarter. West Fraser Timber had a negative return on equity of 24.07% and a negative net margin of 23.89%. On average, analysts forecast that West Fraser Timber Co. Ltd. will post 8.12 earnings per share for the current fiscal year.
West Fraser Timber Company Profile
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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