West Fraser Timber (NYSE:WFG) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of West Fraser Timber (NYSE:WFG - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Several other brokerages also recently commented on WFG. Raymond James decreased their target price on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. TD Securities decreased their target price on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada decreased their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of "Moderate Buy" and a consensus price target of $100.40.

West Fraser Timber Trading Up 1.3%

Shares of WFG stock traded up $1.01 during trading hours on Friday, hitting $75.83. 146,920 shares of the company's stock were exchanged, compared to its average volume of 177,988. West Fraser Timber has a 12-month low of $69.48 and a 12-month high of $102.40. The business's 50 day simple moving average is $74.00 and its 200-day simple moving average is $81.13. The company has a market capitalization of $5.83 billion, a PE ratio of -361.10 and a beta of 1.17.

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 firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.53 billion. Equities analysts anticipate that West Fraser Timber will post 4.45 EPS for the current year.

Institutional Trading of West Fraser Timber

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in West Fraser Timber in the fourth quarter valued at $487,000. Alberta Investment Management Corp boosted its holdings in shares of West Fraser Timber by 58.7% during the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company's stock valued at $25,452,000 after buying an additional 108,670 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of West Fraser Timber by 6.3% during the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company's stock valued at $52,565,000 after buying an additional 35,855 shares in the last quarter. Tacita Capital Inc bought a new stake in shares of West Fraser Timber during the 4th quarter valued at $412,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of West Fraser Timber during the 4th quarter valued at $1,040,000. Institutional investors own 40.23% of the company's stock.

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.