Royal Bank of Canada Has Lowered Expectations for West Fraser Timber (NYSE:WFG) Stock Price

West Fraser Timber (NYSE:WFG - Free Report) had its price objective reduced by Royal Bank of Canada from $117.00 to $99.00 in a research report sent to investors on Tuesday, MarketBeat reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on WFG. Raymond James decreased their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Scotiabank decreased their target price on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, TD Securities dropped their price target on shares of West Fraser Timber from $110.00 to $99.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $100.40.

West Fraser Timber Trading Up 1.1 %

WFG stock traded up $0.78 during mid-day trading on Tuesday, hitting $73.51. 169,819 shares of the company were exchanged, compared to its average volume of 176,327. West Fraser Timber has a 1-year low of $69.48 and a 1-year high of $102.40. The stock has a market capitalization of $5.67 billion, a PE ratio of -350.05 and a beta of 1.21. The business has a 50 day simple moving average of $75.99 and a 200-day simple moving average of $85.60.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. Equities research analysts expect that West Fraser Timber will post 4.45 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. West Fraser Timber's dividend payout ratio (DPR) is currently -752.94%.

Institutional Trading of West Fraser Timber

Large investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. boosted its stake in shares of West Fraser Timber by 4.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after purchasing an additional 120 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in West Fraser Timber by 4.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock valued at $260,000 after purchasing an additional 121 shares during the last quarter. Comprehensive Money Management Services LLC boosted its position in West Fraser Timber by 3.8% in the first quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock valued at $313,000 after buying an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of West Fraser Timber by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock worth $216,000 after buying an additional 181 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after buying an additional 198 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

About West Fraser Timber

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.