West Fraser Timber (TSE:WFG) Stock Price Down 1.3% – What’s Next?

West Fraser Timber Co. Ltd. (TSE:WFG) dropped 1.3% during trading on Monday . The company traded as low as C$84.90 and last traded at C$85.52. Approximately 115,853 shares were traded during trading, a decline of 47% from the average daily volume of 218,395 shares. The stock had previously closed at C$86.61.

Wall Street Analysts Forecast Growth

Separately, CIBC decreased their price objective on shares of West Fraser Timber from C$119.00 to C$113.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$113.00.

West Fraser Timber Stock Performance

The stock’s 50-day moving average price is C$89.08 and its 200-day moving average price is C$97.02. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The company has a market capitalization of C$6.78 billion, a P/E ratio of -26.21 and a beta of 1.72.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C($2.63) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.The business had revenue of C$1.82 billion for the quarter. As a group, equities analysts expect that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current year.

About West Fraser Timber

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.