West Fraser Timber (NYSE:WFG) Receives Market Perform Rating from Raymond James Financial

West Fraser Timber (NYSE:WFG - Get Free Report)'s stock had its "market perform" rating reaffirmed by analysts at Raymond James Financial in a research note issued to investors on Monday.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday. TD Securities decreased 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 research note on Thursday, April 24th. Finally, Royal Bank Of Canada decreased 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 research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.40.

West Fraser Timber Stock Up 1.8%

Shares of WFG stock traded up $1.30 on Monday, reaching $75.33. The company had a trading volume of 50,277 shares, compared to its average volume of 172,959. The stock has a market capitalization of $5.78 billion, a PE ratio of -443.26 and a beta of 1.15. West Fraser Timber has a one year low of $69.48 and a one year high of $102.40. The business's 50-day moving average is $74.73 and its 200 day moving average is $77.88.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Union Bancaire Privee UBP SA grew its holdings 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 purchasing an additional 398 shares during the last quarter. Parallel Advisors LLC boosted its holdings in West Fraser Timber by 265.1% in the second quarter. Parallel Advisors LLC now owns 398 shares of the company's stock valued at $29,000 after acquiring an additional 289 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in West Fraser Timber by 3.0% in the first quarter. Goldman Sachs Group Inc. now owns 230,878 shares of the company's stock valued at $17,764,000 after acquiring an additional 6,640 shares in the last quarter. Jones Financial Companies Lllp lifted its position in West Fraser Timber by 42,553.8% during the first quarter. Jones Financial Companies Lllp now owns 22,180 shares of the company's stock valued at $1,707,000 after buying an additional 22,128 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of West Fraser Timber during the 1st quarter valued at $1,387,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.