West Fraser Timber (TSE:WFG) Price Target Lowered to C$102.00 at Canadian Imperial Bank of Commerce

West Fraser Timber (TSE:WFG) had its price objective cut by Canadian Imperial Bank of Commerce from C$108.00 to C$102.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on WFG. TD Securities upped their target price on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Raymond James Financial raised West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$97.50.

West Fraser Timber Trading Down 2.1%

Shares of TSE WFG opened at C$88.85 on Wednesday. The stock has a market cap of C$6.96 billion, a price-to-earnings ratio of -7.36 and a beta of 1.13. The business has a 50 day simple moving average of C$90.30 and a 200 day simple moving average of C$89.74. West Fraser Timber has a 52 week low of C$80.82 and a 52 week high of C$108.83. The company has a debt-to-equity ratio of 5.69, a quick ratio of 2.10 and a current ratio of 2.13.

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 during the quarter. West Fraser Timber had a negative net margin of 20.63% and a negative return on equity of 18.45%. On average, research analysts predict that West Fraser Timber will post 8.1184776 earnings per share 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.