West Fraser Timber (TSE:WFG) Trading Down 0.1% – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG)’s share price dropped 0.1% during trading on Tuesday . The company traded as low as C$94.30 and last traded at C$96.01. 259,172 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 180,772 shares. The stock had previously closed at C$96.13.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WFG. Raymond James Financial lowered West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce lowered their target price on shares of West Fraser Timber from C$102.00 to C$100.00 in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, West Fraser Timber currently has an average rating of “Hold” and an average price target of C$96.50.

West Fraser Timber Trading Down 0.1%

The company has a debt-to-equity ratio of 9.37, a quick ratio of 2.10 and a current ratio of 1.84. The company has a 50 day simple moving average of C$90.59 and a two-hundred day simple moving average of C$90.65. The firm has a market cap of C$7.52 billion, a PE ratio of -6.43 and a beta of 1.21.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C($3.35) earnings per share (EPS) for the quarter. West Fraser Timber had a negative return on equity of 23.22% and a negative net margin of 22.93%.The firm had revenue of C$1.86 billion during the quarter. Analysts expect that West Fraser Timber Co. Ltd. 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.