West Fraser Timber Co. Ltd. (NYSE:WFG) Receives $82.60 Consensus Target Price from Analysts

West Fraser Timber Co. Ltd. (NYSE:WFG) has earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $82.60.

A number of equities research analysts recently weighed in on the company. Fraser Mackenzie dropped their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. TD Cowen dropped their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. Raymond James Financial cut West Fraser Timber from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $85.00 to $75.00 in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of West Fraser Timber in a report on Monday, April 20th. Finally, Royal Bank Of Canada dropped their price target on West Fraser Timber from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 1st.

West Fraser Timber Trading Up 4.2%

WFG stock opened at $66.56 on Friday. The business has a fifty day moving average price of $63.52 and a 200 day moving average price of $64.45. West Fraser Timber has a fifty-two week low of $57.34 and a fifty-two week high of $78.55. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of -4.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.84 and a quick ratio of 0.66.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($2.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.23) by ($1.17). West Fraser Timber had a negative net margin of 21.86% and a negative return on equity of 9.67%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Analysts expect that West Fraser Timber will post -3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in West Fraser Timber by 72.2% in the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $29,000 after buying an additional 184 shares during the last quarter. Wells Fargo & Company MN boosted its position in West Fraser Timber by 2.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,832 shares of the company’s stock valued at $478,000 after buying an additional 192 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position 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 buying an additional 200 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in West Fraser Timber by 75.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock valued at $38,000 after buying an additional 238 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in West Fraser Timber by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 47,750 shares of the company’s stock valued at $3,115,000 after buying an additional 370 shares during the last quarter. 40.23% of the stock is currently owned by institutional investors.

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.