West Fraser Timber (TSE:WFG) Stock Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• West Fraser Timber shares fell below their 200-day moving average of C$93.48, reaching C$92.11 and last trading at C$92.35 on volume of 207,029 shares.
• Raymond James upgraded the stock from “Hold” to “Moderate Buy.” Analysts have a consensus “Moderate Buy” rating and an average price target of C$96.50.
• The company reported a quarterly loss of C$1.47 per share on C$1.94 billion in revenue, alongside a negative net margin of 23.89% and negative return on equity of 24.07%.

West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$93.48 and traded as low as C$92.11. West Fraser Timber shares last traded at C$92.35, with a volume of 207,029 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded shares of West Fraser Timber from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$96.50.

West Fraser Timber Price Performance

The company has a current ratio of 2.29, a quick ratio of 2.10 and a debt-to-equity ratio of 9.54. The company has a market capitalization of C$7.23 billion, a PE ratio of -6.72 and a beta of 1.05. The stock's 50-day moving average is C$95.74 and its two-hundred day moving average is C$93.48.

West Fraser Timber (TSE:WFG - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported C($1.47) earnings per share (EPS) for the quarter. The business had revenue of C$1.94 billion for the quarter. West Fraser Timber had a negative net margin of 23.89% and a negative return on equity of 24.07%. On average, equities analysts predict that West Fraser Timber Co. Ltd. will post 8.12 EPS for the current year.

West Fraser Timber Company Profile

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.

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