West Fraser Timber (NYSE:WFG) Rating Lowered to “Strong Sell” at Zacks Research

West Fraser Timber (NYSE:WFG) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on WFG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of West Fraser Timber in a report on Wednesday, January 21st. Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, January 14th. TD Securities dropped their price objective on shares of West Fraser Timber from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, October 24th. Royal Bank Of Canada decreased their target price on shares of West Fraser Timber from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Finally, Cibc Captl Mkts lowered West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.00.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock traded down $1.03 during mid-day trading on Monday, reaching $69.24. 79,144 shares of the stock traded hands, compared to its average volume of 282,678. The company has a quick ratio of 1.32, a current ratio of 2.39 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $63.13 and a 200 day moving average of $67.18. The stock has a market capitalization of $5.26 billion, a PE ratio of -20.77 and a beta of 1.11. West Fraser Timber has a fifty-two week low of $57.34 and a fifty-two week high of $88.95.

Institutional Investors Weigh In On West Fraser Timber

Institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in West Fraser Timber by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock valued at $263,000 after purchasing an additional 200 shares in the last quarter. MGO One Seven LLC boosted its position in shares of West Fraser Timber by 2.6% in the 2nd quarter. MGO One Seven LLC now owns 8,868 shares of the company’s stock worth $650,000 after buying an additional 227 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of West Fraser Timber by 75.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock worth $38,000 after buying an additional 238 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in West Fraser Timber by 1.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,427 shares of the company’s stock valued at $1,424,000 after acquiring an additional 240 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its position in West Fraser Timber by 9.1% during the second quarter. Bank of Nova Scotia Trust Co. now owns 4,009 shares of the company’s stock worth $294,000 after acquiring an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.