Shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $84.80.
WFG has been the topic of several recent research reports. TD Securities reiterated a “buy” rating on shares of West Fraser Timber in a research report on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings lowered West Fraser Timber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Raymond James Financial upgraded West Fraser Timber from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $75.00 to $85.00 in a research report on Tuesday, September 15th. Finally, Zacks Research raised shares of West Fraser Timber from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th.
Check Out Our Latest Stock Report on WFG
West Fraser Timber Price Performance
West Fraser Timber stock opened at $65.77 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.06 and a quick ratio of 0.83. The business has a 50 day simple moving average of $68.51 and a 200-day simple moving average of $67.01. West Fraser Timber has a 12 month low of $57.34 and a 12 month high of $76.99. The stock has a market capitalization of $5.15 billion, a PE ratio of -4.26 and a beta of 1.06.
West Fraser Timber (NYSE:WFG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.08). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a negative return on equity of 10.84% and a negative net margin of 22.98%. Equities analysts predict that West Fraser Timber will post -3.80 earnings per share for the current year.
West Fraser Timber Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Tuesday, September 29th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 29th. West Fraser Timber’s dividend payout ratio (DPR) is -8.29%.
Institutional Trading of West Fraser Timber
A number of institutional investors have recently added to or reduced their stakes in WFG. Parallel Advisors LLC raised its stake in shares of West Fraser Timber by 72.2% during the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the period. EFG International AG bought a new position in West Fraser Timber during the 2nd quarter valued at $34,000. Physician Wealth Advisors Inc. increased its position in shares of West Fraser Timber by 177.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 579 shares of the company’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of West Fraser Timber in the 2nd quarter worth about $40,000. Finally, Farther Finance Advisors LLC raised its stake in shares of West Fraser Timber by 4,072.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 751 shares of the company’s stock valued at $52,000 after purchasing an additional 733 shares in the last quarter. 40.23% of the stock is owned by hedge funds and other institutional investors.
About West Fraser Timber
West Fraser Timber Co Ltd. is a diversified wood products company that manufactures and sells building materials for residential, commercial and industrial applications. Its principal products include lumber, oriented strand board, laminated veneer lumber and other engineered wood products used in construction, remodeling and manufacturing.
The company operates wood product manufacturing facilities and manages timber resources across Canada and the United States, with a significant presence in Western Canada and the U.S.
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