West Fraser Timber (TSE:WFG) Shares Up 1.3% – Time to Buy?

West Fraser Timber Co. Ltd. (TSE:WFG)’s share price rose 1.3% on Monday . The stock traded as high as C$90.33 and last traded at C$89.73. Approximately 147,889 shares were traded during trading, a decline of 24% from the average daily volume of 194,754 shares. The stock had previously closed at C$88.60.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce raised their price target on West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday, February 6th. Finally, TD Securities lifted their price target on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$99.50.

West Fraser Timber Price Performance

The firm has a market capitalization of C$7.03 billion, a P/E ratio of -7.43 and a beta of 1.36. The business’s 50-day simple moving average is C$94.08 and its 200 day simple moving average is C$91.60. The company has a quick ratio of 2.10, a current ratio of 2.13 and a debt-to-equity ratio of 5.69.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings data 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 business had revenue of C$1.51 billion during the quarter. Sell-side analysts forecast that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share 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.