West Fraser Timber (TSE:WFG) Stock Rating Upgraded by Raymond James Financial

West Fraser Timber (TSE:WFG) was upgraded by equities researchers at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday, Zacks reports.

West Fraser Timber Stock Performance

West Fraser Timber stock opened at C$99.71 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 6.83. The company has a market capitalization of C$7.81 billion, a PE ratio of -6.50 and a beta of 1.11. The firm has a fifty day simple moving average of C$95.53 and a two-hundred day simple moving average of C$92.11. West Fraser Timber has a twelve month low of C$80.38 and a twelve month high of C$105.25.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($1.11) EPS for the quarter. The company had revenue of C$2.04 billion during the quarter. West Fraser Timber had a negative return on equity of 24.96% and a negative net margin of 26.37%. Research analysts expect that West Fraser Timber will post 8.1184776 EPS for the current year.

About West Fraser Timber

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.