West Fraser Timber (TSE:WFG) Stock Price Down 0.5% - Here's What Happened

Key Points

• West Fraser Timber shares dipped about 0.5% mid-day to C$90.26, trading as low as C$89.18 on light volume (~94,209 shares, roughly 50% below average).
• Analysts have recently raised targets and ratings—TD Securities raised its target to C$93, Raymond James upgraded to a "moderate buy," and CIBC lifted its target to C$106—resulting in a consensus rating of Moderate Buy and a price target of C$99.50.
• The company reported a sizeable quarterly loss of C($13.05) EPS, with negative net margin (−20.63%) and return on equity (−18.45%) despite C$1.51 billion in revenue, leaving valuation metrics negative (P/E −7.47).

West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) shares fell 0.5% during mid-day trading on Monday . The company traded as low as C$89.18 and last traded at C$90.26. 94,209 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 186,713 shares. The stock had previously closed at C$90.72.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WFG. TD Securities upped their target price on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Raymond James Financial raised West Fraser Timber from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce upped their target price on West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$99.50.

West Fraser Timber Price Performance

The company has a debt-to-equity ratio of 5.69, a current ratio of 2.13 and a quick ratio of 2.10. The company has a 50-day simple moving average of C$92.34 and a two-hundred day simple moving average of C$90.14. The stock has a market capitalization of C$7.07 billion, a price-to-earnings ratio of -7.47 and a beta of 1.13.

West Fraser Timber (TSE:WFG - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported C($13.05) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 18.45% and a negative net margin of 20.63%.The company had revenue of C$1.51 billion during the quarter. On average, equities research analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current 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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