West Fraser Timber (TSE:WFG) Sets New 52-Week Low - Here's What Happened

Key Points

• West Fraser hit a new 52-week low of C$80.57 on Tuesday, trading 74,559 shares after closing at C$81.01 previously.
• Brokerage sentiment is cautious with a consensus Hold rating and an average target price of C$96.50, following a recent downgrade from Raymond James and mixed target changes from TD and CIBC.
• Recent results show weak profitability—quarterly EPS of C($13.05) on C$1.51 billion revenue, with a negative return on equity (-23.07%) and net margin (-25.12%).

West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$80.57 and last traded at C$80.57, with a volume of 74559 shares traded. The stock had previously closed at C$81.01.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James Financial downgraded West Fraser Timber from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 23rd. TD Securities boosted their price objective on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce dropped their price objective on West Fraser Timber from C$102.00 to C$100.00 in a research note on Friday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$96.50.

West Fraser Timber Stock Up 0.4%

The business has a 50-day moving average price of C$88.99 and a 200-day moving average price of C$89.36. The company has a market capitalization of C$6.37 billion, a price-to-earnings ratio of -5.45 and a beta of 1.13. The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37.

West Fraser Timber (TSE:WFG - Get Free Report) last announced its earnings results on Wednesday, February 11th. The company reported C($13.05) earnings per share (EPS) for the quarter. The company had revenue of C$1.51 billion for the quarter. West Fraser Timber had a negative return on equity of 23.07% and a negative net margin of 25.12%. As a group, equities analysts anticipate that West Fraser Timber Co. Ltd. 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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