West Fraser Timber (WFG) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for West Fraser Timber in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WFG shares.
View WFG analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1 year target prices for West Fraser Timber's shares. Their WFG share price forecasts range from $97.00 to $143.00. On average, they expect the company's stock price to reach $116.67 in the next twelve months. This suggests a possible upside of 64.6% from the stock's current price.
View analysts price targets for WFG or view top-rated stocks among Wall Street analysts.

West Fraser Timber's stock was trading at $72.29 at the start of the year. Since then, WFG shares have decreased by 2.0% and is now trading at $70.88.
View the best growth stocks for 2023 here.

West Fraser Timber saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 614,700 shares, a decrease of 25.7% from the April 30th total of 827,600 shares. Based on an average daily volume of 132,000 shares, the short-interest ratio is currently 4.7 days. Currently, 1.1% of the shares of the stock are sold short.
View West Fraser Timber's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our WFG earnings forecast.

West Fraser Timber Co. Ltd. (NYSE:WFG) posted its earnings results on Tuesday, April, 25th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by $1.13. The business earned $1.63 billion during the quarter, compared to analysts' expectations of $1.94 billion. West Fraser Timber had a net margin of 10.25% and a trailing twelve-month return on equity of 10.92%. West Fraser Timber's revenue was down 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.25 EPS.

West Fraser Timber declared a quarterly dividend on Tuesday, February 14th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.30 per share on Tuesday, April 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for WFG.

ETFs with the largest weight of West Fraser Timber (NYSE:WFG) stock in their portfolio include iShares MSCI Global Sustainable Development Goals ETF (SDG), iShares International Developed Small Cap Value Factor ETF (ISVL) and iShares U.S. Infrastructure ETF (IFRA).iShares North American Natural Resources ETF (IGE),

West Fraser Timber (NYSE:WFG) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 14.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFG will have a dividend payout ratio of 13.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WFG.

West Fraser Timber trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFG."

West Fraser Timber's stock is owned by a variety of retail and institutional investors. Top institutional investors include Pictet Asset Management SA (4.58%), Letko Brosseau & Associates Inc. (1.38%), Vontobel Holding Ltd. (1.27%), Mackenzie Financial Corp (1.05%), FMR LLC (0.93%) and Price T Rowe Associates Inc. MD (0.86%).

Shares of WFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of WFG stock can currently be purchased for approximately $70.88.

West Fraser Timber (NYSE:WFG) has a market capitalization of $5.92 billion and generates $9.70 billion in revenue each year. The company earns $1.98 billion in net income (profit) each year or $8.44 on an earnings per share basis.

The company employs 11,000 workers across the globe.

The official website for the company is www.westfraser.com. The company can be reached via phone at (604) 895-2700 or via email at shareholder@westfraser.com.