Shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $100.00.
Several equities analysts recently commented on the company. Wall Street Zen downgraded West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Raymond James Financial reissued a "market perform" rating on shares of West Fraser Timber in a research note on Monday, July 21st. Finally, TD Securities reduced their price objective on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, July 25th.
Check Out Our Latest Report on West Fraser Timber
West Fraser Timber Stock Performance
Shares of NYSE:WFG traded down $0.79 during trading on Monday, hitting $72.34. 45,704 shares of the stock were exchanged, compared to its average volume of 210,502. West Fraser Timber has a 1-year low of $68.63 and a 1-year high of $102.40. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -41.35 and a beta of 1.15. The company's fifty day simple moving average is $73.22 and its 200-day simple moving average is $74.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 2.89.
West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 0.85% and a negative net margin of 2.18%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts expect that West Fraser Timber will post 4.45 EPS for the current fiscal year.
West Fraser Timber Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Thursday, September 25th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. West Fraser Timber's payout ratio is currently -73.14%.
Hedge Funds Weigh In On West Fraser Timber
A number of institutional investors and hedge funds have recently bought and sold shares of WFG. Royal Bank of Canada raised its position in shares of West Fraser Timber by 0.3% during the fourth quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock worth $257,974,000 after acquiring an additional 8,760 shares during the last quarter. Vanguard Group Inc. raised its position in shares of West Fraser Timber by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,876,409 shares of the company's stock worth $220,931,000 after acquiring an additional 29,746 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of West Fraser Timber by 10.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,394,607 shares of the company's stock worth $184,242,000 after acquiring an additional 232,558 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of West Fraser Timber by 15.2% during the second quarter. 1832 Asset Management L.P. now owns 1,642,398 shares of the company's stock worth $120,388,000 after acquiring an additional 217,304 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. raised its position in shares of West Fraser Timber by 2.4% during the second quarter. Letko Brosseau & Associates Inc. now owns 1,118,854 shares of the company's stock worth $81,883,000 after acquiring an additional 26,052 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.
About West Fraser Timber
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Get Free Report)
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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