West Fraser Timber (TSE:WFG) Upgraded by Raymond James Financial to Moderate Buy Rating

Raymond James Financial upgraded shares of West Fraser Timber (TSE:WFG) from a hold rating to a moderate buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Cibc Captl Mkts downgraded West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. CIBC cut their target price on West Fraser Timber from C$113.00 to C$96.00 in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$96.00.

West Fraser Timber Price Performance

WFG opened at C$94.14 on Wednesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$133.59. The company’s 50 day simple moving average is C$84.80 and its 200 day simple moving average is C$93.49. The stock has a market capitalization of C$7.38 billion, a PE ratio of -28.53 and a beta of 1.82.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share (EPS) for the quarter. The company had revenue of C$1.82 billion during the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%. As a group, sell-side analysts expect that West Fraser Timber 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. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.