West Fraser Timber Co. Ltd. (NYSE:WFG) Given Consensus Rating of "Buy" by Analysts

Shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report) have been given an average rating of "Buy" by the five research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $100.40.

Several research analysts have recently issued reports on WFG shares. Raymond James Financial lowered their price target on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. TD Securities lowered their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada lowered their price target on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of West Fraser Timber from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.

West Fraser Timber Price Performance

WFG traded down $1.69 during trading on Wednesday, hitting $75.65. 139,220 shares of the stock traded hands, compared to its average volume of 173,171. West Fraser Timber has a twelve month low of $69.48 and a twelve month high of $102.40. The company has a market cap of $5.82 billion, a price-to-earnings ratio of -444.98 and a beta of 1.15. The business has a 50 day moving average price of $74.58 and a 200 day moving average price of $78.74.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a return on equity of 0.99% and a net margin of 0.03%. On average, equities research analysts predict that West Fraser Timber will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Thursday, June 26th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. West Fraser Timber's dividend payout ratio is -752.94%.

Institutional Trading of West Fraser Timber

Several institutional investors have recently modified their holdings of WFG. FIL Ltd grew its stake in shares of West Fraser Timber by 35.5% in the fourth quarter. FIL Ltd now owns 5,041,873 shares of the company's stock worth $436,861,000 after purchasing an additional 1,319,843 shares during the last quarter. Norges Bank bought a new stake in shares of West Fraser Timber in the fourth quarter worth $81,605,000. Price T Rowe Associates Inc. MD boosted its position in West Fraser Timber by 56.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,049 shares of the company's stock valued at $187,126,000 after acquiring an additional 780,313 shares during the last quarter. Deutsche Bank AG boosted its position in West Fraser Timber by 202.1% during the first quarter. Deutsche Bank AG now owns 395,101 shares of the company's stock valued at $30,399,000 after acquiring an additional 264,322 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in West Fraser Timber by 200.3% during the fourth quarter. Bank of America Corp DE now owns 315,019 shares of the company's stock valued at $27,265,000 after acquiring an additional 210,107 shares during the last quarter. 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.