West Fraser Timber (TSE:WFG) Stock Price Expected to Rise, CIBC Analyst Says

by · The Markets Daily

West Fraser Timber (TSE:WFG – Get Free Report) had its price target increased by stock analysts at CIBC from C$164.00 to C$171.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 35.95% from the stock’s previous close.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock traded up C$1.81 during trading hours on Wednesday, reaching C$125.78. The company’s stock had a trading volume of 101,302 shares, compared to its average volume of 118,742. West Fraser Timber has a one year low of C$100.84 and a one year high of C$141.27. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. The firm has a 50 day moving average price of C$128.50 and a 200-day moving average price of C$123.18. The stock has a market cap of C$9.82 billion, a P/E ratio of 55.17 and a beta of 2.03.

West Fraser Timber (TSE:WFG – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.62) by C($0.79). The company had revenue of C$1.96 billion during the quarter, compared to analysts’ expectations of C$2.01 billion. West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. On average, analysts predict that West Fraser Timber will post 8.1184776 EPS for the current year.

About West Fraser Timber

(Get Free Report)

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.

Featured Articles