West Fraser Timber (TSE:WFG) Downgraded by Raymond James to “Moderate Buy”

Raymond James downgraded shares of West Fraser Timber (TSE:WFG) from a strong-buy rating to a moderate buy rating in a research report released on Monday,Zacks.com reports.

Separately, CIBC lifted their target price on shares of West Fraser Timber from C$164.00 to C$171.00 in a research report on Wednesday, January 15th.

West Fraser Timber Price Performance

Shares of WFG opened at C$129.90 on Monday. West Fraser Timber has a twelve month low of C$100.84 and a twelve month high of C$141.27. The company has a market capitalization of C$10.14 billion, a P/E ratio of 56.97 and a beta of 2.03. The firm has a 50 day moving average of C$128.57 and a 200 day moving average of C$123.94. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported C($1.41) earnings per share for the quarter, missing the consensus estimate of C($0.62) by C($0.79). The business had revenue of C$1.96 billion during the quarter, compared to analysts’ expectations of C$2.01 billion. West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. As a group, equities research analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s payout ratio is currently 75.88%.

About West Fraser Timber

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.