West Fraser Timber (TSE:WFG) Cut to Hold at Raymond James Financial

Key Points

• Raymond James downgraded West Fraser Timber from a "moderate buy" to a "hold," and the stock's consensus rating is now Hold with an average target price of C$97.50.
• West Fraser reported a quarterly loss of C($13.05) EPS, with a negative return on equity (18.45%) and negative net margin (20.63%), while the stock trades around C$89.93 and has a market cap of C$7.04 billion.
• Analyst target revisions are mixed: Canadian Imperial Bank of Commerce cut its target to C$102 from C$108, TD Securities raised its target to C$93 from C$88, and the stock's 1‑year range is C$80.82–C$108.40.

West Fraser Timber (TSE:WFG - Get Free Report) was downgraded by equities researchers at Raymond James Financial from a "moderate buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

WFG has been the topic of several other research reports. Canadian Imperial Bank of Commerce dropped their target price on West Fraser Timber from C$108.00 to C$102.00 in a report on Wednesday. TD Securities boosted their price target on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$97.50.

West Fraser Timber Stock Up 1.2%

West Fraser Timber stock opened at C$89.93 on Thursday. The company has a current ratio of 2.13, a quick ratio of 2.10 and a debt-to-equity ratio of 5.69. West Fraser Timber has a 1-year low of C$80.82 and a 1-year high of C$108.40. The company has a fifty day simple moving average of C$90.10 and a 200 day simple moving average of C$89.74. The company has a market cap of C$7.04 billion, a P/E ratio of -7.44 and a beta of 1.13.

West Fraser Timber (TSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C($13.05) EPS for the quarter. West Fraser Timber had a negative return on equity of 18.45% and a negative net margin of 20.63%.The business had revenue of C$1.51 billion for the quarter. Research analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current fiscal year.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.

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