CIBC upgraded shares of West Fraser Timber (TSE:WFT) from a neutral rating to an outperform rating in a report published on Friday morning. CIBC currently has C$99.00 target price on the stock, up from their previous target price of C$80.00.

WFT has been the subject of a number of other research reports. TD Securities cut shares of West Fraser Timber from a buy rating to a hold rating and lifted their target price for the company from C$78.00 to C$80.00 in a research note on Friday, October 13th. Raymond James Financial lifted their target price on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the company an outperform rating in a research note on Tuesday, October 24th. Royal Bank of Canada upgraded shares of West Fraser Timber from an underperform rating to a sector perform rating and lifted their target price for the company from C$60.00 to C$80.00 in a research note on Friday. Finally, Scotiabank lifted their target price on shares of West Fraser Timber from C$80.00 to C$82.00 and gave the company a sector perform rating in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of C$83.33.

West Fraser Timber (TSE WFT) opened at C$84.52 on Friday. The company has a market cap of $6,420.00, a PE ratio of 13.31 and a beta of 1.54. West Fraser Timber has a one year low of C$42.98 and a one year high of C$88.98.

West Fraser Timber (TSE:WFT) last announced its quarterly earnings results on Monday, October 23rd. The company reported C$1.93 EPS for the quarter. West Fraser Timber had a net margin of 9.62% and a return on equity of 19.26%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, December 26th. West Fraser Timber’s dividend payout ratio (DPR) is currently 5.04%.

In other news, insider Ketcham Investments sold 500,000 shares of West Fraser Timber stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total value of C$40,450,000.00.

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West Fraser Timber Company Profile

West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.

Analyst Recommendations for West Fraser Timber (TSE:WFT)

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