Western Forest Products Inc. (TSE:WEF – Free Report) – Raymond James lifted their FY2025 earnings per share estimates for Western Forest Products in a report released on Tuesday, May 6th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of ($0.08) per share for the year, up from their previous estimate of ($0.16). Raymond James currently has a “Market Perform” rating and a $0.40 price target on the stock. The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Western Forest Products from C$0.70 to C$0.50 and set a “sector perform” rating for the company in a research note on Tuesday, April 22nd. TD Securities cut their price target on Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a report on Thursday, April 17th.
Western Forest Products Price Performance
Western Forest Products stock opened at C$0.42 on Friday. The company has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.43. The firm has a market capitalization of C$133.03 million, a price-to-earnings ratio of -3.04, a PEG ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products has a 52-week low of C$0.36 and a 52-week high of C$0.58.
About Western Forest Products
Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.
Featured Stories
- Five stocks we like better than Western Forest Products
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?
- How to Short a Stock in 5 Easy Steps
- Here’s The Reason Goldman Sachs Is Bullish On MercadoLibre Stock
- Consumer Staples Stocks, Explained
- Analyst-Favorite Bitcoin Miner CleanSpark: Worth the Hype?
Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.