West Fraser Timber Co. Ltd. (NYSE:WFG) Receives $106.25 Average Price Target from Analysts

West Fraser Timber Co. Ltd. (NYSE:WFGGet Free Report) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $106.25.

Several equities analysts have recently weighed in on WFG shares. TD Securities increased their price target on West Fraser Timber from $115.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $97.00 target price on shares of West Fraser Timber in a report on Thursday, March 28th.

Read Our Latest Stock Analysis on West Fraser Timber

West Fraser Timber Trading Up 1.3 %

West Fraser Timber stock opened at $77.93 on Friday. West Fraser Timber has a one year low of $64.11 and a one year high of $90.17. The business’s fifty day moving average is $80.09 and its 200 day moving average is $80.62. The stock has a market capitalization of $6.18 billion, a PE ratio of -64.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.33.

West Fraser Timber (NYSE:WFGGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.47 billion. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.52) EPS. On average, sell-side analysts predict that West Fraser Timber will post 4.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bfsg LLC purchased a new position in West Fraser Timber during the fourth quarter valued at approximately $42,000. Accordant Advisory Group Inc purchased a new stake in shares of West Fraser Timber in the first quarter worth $43,000. ICA Group Wealth Management LLC bought a new stake in shares of West Fraser Timber during the 4th quarter valued at $43,000. UniSuper Management Pty Ltd boosted its holdings in West Fraser Timber by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock worth $69,000 after buying an additional 400 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in West Fraser Timber in the 4th quarter worth $78,000. Institutional investors own 40.23% of the company’s stock.

About West Fraser Timber

(Get Free Report

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.

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Analyst Recommendations for West Fraser Timber (NYSE:WFG)

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