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

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

A number of equities research analysts recently commented on the stock. Raymond James decreased their target price on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. TD Securities dropped their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Scotiabank dropped their price target 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. Royal Bank of Canada decreased their price objective on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of West Fraser Timber from a "sell" rating to a "hold" rating in a research note on Saturday.

Institutional Investors Weigh In On West Fraser Timber

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in West Fraser Timber during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in West Fraser Timber in the 4th quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in West Fraser Timber in the 4th quarter valued at about $52,000. GAMMA Investing LLC lifted its holdings in West Fraser Timber by 7,588.9% in the 1st quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after acquiring an additional 683 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after buying an additional 198 shares in the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

West Fraser Timber Price Performance

West Fraser Timber stock traded up $1.00 during mid-day trading on Friday, reaching $76.85. 190,951 shares of the company traded hands, compared to its average volume of 178,311. The firm's 50 day moving average price is $74.06 and its 200 day moving average price is $81.10. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of -365.93 and a beta of 1.17. West Fraser Timber has a 52-week low of $69.48 and a 52-week high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued 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). The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, sell-side analysts anticipate that West Fraser Timber will post 4.45 EPS for the current year.

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.