West Fraser Timber (TSE:WFG) Trading 1.3% Higher – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price traded up 1.3% during mid-day trading on Monday . The company traded as high as C$90.33 and last traded at C$89.73. 147,889 shares were traded during mid-day trading, a decline of 24% from the average session volume of 194,754 shares. The stock had previously closed at C$88.60.

Analysts Set New Price Targets

Several analysts have commented on WFG shares. Canadian Imperial Bank of Commerce lifted their price target on West Fraser Timber from C$96.00 to C$106.00 in a report on Friday, February 6th. TD Securities raised their target price on shares of West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Finally, Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$99.50.

West Fraser Timber Stock Down 3.9%

The stock has a fifty day moving average of C$94.14 and a two-hundred day moving average of C$91.53. The company has a quick ratio of 2.10, a current ratio of 2.13 and a debt-to-equity ratio of 5.69. The stock has a market cap of C$6.80 billion, a price-to-earnings ratio of -7.19 and a beta of 1.36.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C($13.05) EPS for the quarter. The firm had revenue of C$1.51 billion for the quarter. West Fraser Timber had a negative return on equity of 18.45% and a negative net margin of 20.63%. As a group, analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current fiscal year.

About West Fraser Timber

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.