West Fraser Timber (TSE:WFG) Stock Price Down 0.1% – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG – Get Free Report) shares traded down 0.1% on Tuesday . The stock traded as low as C$94.30 and last traded at C$96.01. Approximately 259,172 shares were traded during trading, an increase of 43% from the average daily volume of 180,772 shares. The stock had previously closed at C$96.13.

Analyst Ratings Changes

Several brokerages have recently issued reports on WFG. Canadian Imperial Bank of Commerce decreased their price objective on West Fraser Timber from C$102.00 to C$100.00 in a report on Friday, May 1st. Raymond James Financial downgraded West Fraser Timber from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$96.50.

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West Fraser Timber Stock Performance

The business’s 50-day simple moving average is C$90.59 and its two-hundred day simple moving average is C$90.65. The firm has a market cap of C$7.52 billion, a price-to-earnings ratio of -6.43 and a beta of 1.21. The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37.

West Fraser Timber (TSE:WFG – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported C($3.35) earnings per share (EPS) for the quarter. West Fraser Timber had a negative return on equity of 23.22% and a negative net margin of 22.93%.The firm had revenue of C$1.86 billion for the quarter. As a group, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

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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.

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