West Fraser Timber (TSE:WFG) Given New C$93.00 Price Target at TD Securities

West Fraser Timber (TSE:WFG) had its target price upped by equities research analysts at TD Securities from C$88.00 to C$93.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. TD Securities’ price objective points to a potential downside of 5.13% from the company’s previous close.

Several other research firms have also commented on WFG. Raymond James Financial raised West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. CIBC decreased their price objective on shares of West Fraser Timber from C$113.00 to C$96.00 in a research report on Tuesday, December 9th. Finally, Cibc Captl Mkts downgraded West Fraser Timber from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$94.50.

West Fraser Timber Trading Up 1.3%

WFG traded up C$1.28 during trading on Wednesday, hitting C$98.03. 127,387 shares of the company’s stock were exchanged, compared to its average volume of 204,262. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$133.59. The stock has a 50 day moving average price of C$85.96 and a 200 day moving average price of C$93.29. The firm has a market cap of C$7.68 billion, a P/E ratio of -29.71 and a beta of 1.82. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFG) last issued its earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. The business had revenue of C$1.82 billion during the quarter. As a group, analysts expect that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.

West Fraser Timber Company Profile

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.