West Fraser Timber (TSE:WFG) Stock Price Expected to Rise, TD Securities Analyst Says

West Fraser Timber (TSE:WFG) had its price target lifted by equities research analysts at TD Securities from C$88.00 to C$93.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ target price indicates a potential downside of 5.21% from the stock’s previous close.

A number of other research firms have also recently commented on WFG. Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 14th. CIBC decreased their target price on West Fraser Timber from C$113.00 to C$96.00 in a research report on Tuesday, December 9th. Finally, Cibc Captl Mkts cut West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$94.50.

West Fraser Timber Price Performance

Shares of TSE WFG opened at C$98.11 on Wednesday. The firm has a market capitalization of C$7.69 billion, a P/E ratio of -29.73 and a beta of 1.82. The firm’s 50-day moving average price is C$86.52 and its 200-day moving average price is C$93.35. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. West Fraser Timber has a 1-year low of C$80.82 and a 1-year high of C$133.59.

West Fraser Timber (TSE:WFG) last issued its earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share (EPS) for the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.The firm had revenue of C$1.82 billion during the quarter. Equities research analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

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.