Analysts Set West Fraser Timber Co. Ltd. (NYSE:WFG) Target Price at $104.92

West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $104.92.

Several research firms have issued reports on WFG. Scotiabank set a $100.00 target price on shares of West Fraser Timber and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Raymond James increased their target price on shares of West Fraser Timber from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $97.00 price objective on shares of West Fraser Timber in a research report on Thursday, March 28th.

West Fraser Timber Price Performance

NYSE WFG traded down $2.57 on Friday, hitting $79.13. The stock had a trading volume of 188,738 shares, compared to its average volume of 136,600. West Fraser Timber has a 52-week low of $64.11 and a 52-week high of $90.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.26. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of -36.80 and a beta of 1.15. The firm has a 50-day moving average of $81.37 and a 200-day moving average of $78.23.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.05. West Fraser Timber had a negative net margin of 2.59% and a positive return on equity of 1.29%. The business had revenue of $1.51 billion for the quarter. Equities analysts expect that West Fraser Timber will post 4.1 EPS for the current year.

West Fraser Timber Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 14th. West Fraser Timber's dividend payout ratio is currently -27.91%.

Hedge Funds Weigh In On West Fraser Timber

Institutional investors and hedge funds have recently made changes to their positions in the business. Bfsg LLC bought a new position in shares of West Fraser Timber during the 4th quarter valued at $42,000. ICA Group Wealth Management LLC bought a new stake in West Fraser Timber in the 4th quarter worth $43,000. Tower Research Capital LLC TRC bought a new stake in West Fraser Timber in the 4th quarter worth $78,000. SG Americas Securities LLC bought a new stake in West Fraser Timber in the 3rd quarter worth $112,000. Finally, Janney Montgomery Scott LLC bought a new stake in West Fraser Timber in the 4th quarter worth $209,000. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.