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

West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $100.00.

WFG has been the topic of several recent research reports. TD Securities decreased their target price on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research report on Friday. Royal Bank Of Canada cut 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. Raymond James Financial reissued a "market perform" rating on shares of West Fraser Timber in a report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of West Fraser Timber from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

Hedge Funds Weigh In On West Fraser Timber

A number of institutional investors have recently modified their holdings of the stock. MGO One Seven LLC raised its stake in shares of West Fraser Timber by 2.6% in the second quarter. MGO One Seven LLC now owns 8,868 shares of the company's stock worth $650,000 after acquiring an additional 227 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of West Fraser Timber by 27.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,674 shares of the company's stock worth $269,000 after acquiring an additional 800 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of West Fraser Timber in the second quarter worth about $27,000. Union Bancaire Privee UBP SA raised its stake in shares of West Fraser Timber by 3.6% in the second quarter. Union Bancaire Privee UBP SA now owns 11,373 shares of the company's stock worth $844,000 after acquiring an additional 398 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of West Fraser Timber by 265.1% in the second quarter. Parallel Advisors LLC now owns 398 shares of the company's stock worth $29,000 after acquiring an additional 289 shares during the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock opened at $72.12 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 2.89. The firm's 50-day simple moving average is $74.55 and its 200-day simple moving average is $77.45. West Fraser Timber has a twelve month low of $69.48 and a twelve month high of $102.40. The firm has a market cap of $5.53 billion, a P/E ratio of -41.21 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.74). West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.85%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, research analysts expect that West Fraser Timber will post 4.45 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, June 26th. West Fraser Timber's dividend payout ratio is currently -73.14%.

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.

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