West Fraser Timber (TSE:WFG) Price Target Cut to C$100.00 by Analysts at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce cut its price target for West Fraser Timber from C$102 to C$100, implying roughly a 16.08% potential upside versus the recent share price (C$86.15 mid-day).
• Analysts' consensus remains Hold with an average price target of C$96.50; Raymond James recently downgraded the stock to Hold while TD Securities earlier raised its target to C$93.
• West Fraser reported a C($13.05) EPS last quarter and a negative net margin of 20.63%, while shares trade around C$86.15 with a market cap of C$6.75 billion and a 1‑year range of C$80.82–C$108.40.

West Fraser Timber (TSE:WFG - Get Free Report) had its price target cut by equities researchers at Canadian Imperial Bank of Commerce from C$102.00 to C$100.00 in a research note issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's target price points to a potential upside of 16.08% from the stock's current price.

WFG has been the subject of several other research reports. Raymond James Financial cut shares of West Fraser Timber from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 23rd. TD Securities raised their price target on shares of West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$96.50.

West Fraser Timber Trading Up 0.2%

Shares of TSE:WFG traded up C$0.15 during mid-day trading on Friday, reaching C$86.15. 56,458 shares of the company were exchanged, compared to its average volume of 173,757. The company has a debt-to-equity ratio of 5.69, a current ratio of 2.13 and a quick ratio of 2.10. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$108.40. The firm has a market cap of C$6.75 billion, a price-to-earnings ratio of -7.13 and a beta of 1.13. The firm's 50-day simple moving average is C$88.99 and its 200 day simple moving average is C$89.44.

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 net margin of 20.63% and a negative return on equity of 18.45%. The business had revenue of C$1.51 billion during the quarter. Equities research analysts forecast that West Fraser Timber will post 8.1184776 EPS for the current year.

West Fraser Timber Company Profile

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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