West Fraser Timber Co. Ltd. (NYSE:WFG) Receives Average Rating of "Buy" from Analysts

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

WFG has been the topic of a number of analyst reports. 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 report on Tuesday, February 18th. Raymond James decreased their price target on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded West Fraser Timber from a "sell" rating to a "hold" rating in a research report on Saturday. TD Securities reduced their target price on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd.

West Fraser Timber Stock Performance

Shares of NYSE WFG opened at $74.88 on Friday. West Fraser Timber has a fifty-two week low of $69.48 and a fifty-two week high of $102.40. The stock has a market cap of $5.77 billion, a PE ratio of -356.57 and a beta of 1.17. The stock has a fifty day moving average of $74.06 and a 200-day moving average of $81.45.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.46 EPS 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. On average, sell-side analysts predict that West Fraser Timber will post 4.45 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WFG. Goldman Sachs Group Inc. raised its position in West Fraser Timber by 3.0% during the first quarter. Goldman Sachs Group Inc. now owns 230,878 shares of the company's stock valued at $17,764,000 after purchasing an additional 6,640 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of West Fraser Timber by 42,553.8% during the 1st quarter. Jones Financial Companies Lllp now owns 22,180 shares of the company's stock valued at $1,707,000 after purchasing an additional 22,128 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of West Fraser Timber during the 1st quarter valued at about $1,387,000. Edmond DE Rothschild Holding S.A. lifted its position in West Fraser Timber by 12.8% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 13,513 shares of the company's stock worth $1,040,000 after buying an additional 1,537 shares during the last quarter. Finally, EJF Capital LLC boosted its stake in West Fraser Timber by 28.2% in the first quarter. EJF Capital LLC now owns 10,000 shares of the company's stock worth $769,000 after buying an additional 2,200 shares in the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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