West Fraser Timber Co. Downgraded to Outperform at Raymond James (WFT)
West Fraser Timber Co. (TSE:WFT) was downgraded by equities researchers at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued on Monday, StockRatingsNetwork.com reports.
Separately, analysts at TD Securities downgraded shares of West Fraser Timber Co. from an “action list buy” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a C$110.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. West Fraser Timber Co. has a consensus rating of “Buy” and a consensus target price of C$77.57.
Shares of West Fraser Timber Co. (TSE:WFT) traded down 2.98% during mid-day trading on Monday, hitting $88.03. The stock had a trading volume of 105,074 shares. West Fraser Timber Co. has a 52-week low of $55.39 and a 52-week high of $95.17. The stock’s 50-day moving average is $87.67 and its 200-day moving average is $85.4. The company has a market cap of $3.773 billion and a price-to-earnings ratio of 15.12.
West Fraser Timber Co. (TSE:WFT) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $2.49 EPS for the quarter. On average, analysts predict that West Fraser Timber Co. will post $8.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.64%.
West Fraser Timber Co Ltd. is a Canada-based wood products company. The Company produces lumber, wood chips, laminated veneer lumber (TSE:WFT), medium-density fibreboard (MDF), plywood, pulp and newsprint.
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