West Fraser Timber (TSE:WFG) Shares Up 1.3% – Time to Buy?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price traded up 1.3% during mid-day trading on Monday . The company traded as high as C$90.33 and last traded at C$89.73. 147,889 shares were traded during trading, a decline of 24% from the average session volume of 194,754 shares. The stock had previously closed at C$88.60.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WFG. TD Securities boosted their target price on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce lifted their price target on West Fraser Timber from C$96.00 to C$106.00 in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$99.50.

West Fraser Timber Stock Up 1.3%

The firm has a market cap of C$7.03 billion, a PE ratio of -7.43 and a beta of 1.36. The company has a debt-to-equity ratio of 5.69, a quick ratio of 2.10 and a current ratio of 2.13. The company’s 50-day simple moving average is C$94.08 and its two-hundred day simple moving average is C$91.60.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, February 11th. The company reported C($13.05) earnings per share (EPS) for the quarter. The firm had revenue of C$1.51 billion during the quarter. West Fraser Timber had a negative net margin of 20.63% and a negative return on equity of 18.45%. On average, analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

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.