West Fraser Timber (TSE:WFG) Stock Price Down 1.2% – Here’s What Happened

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) fell 1.2% during mid-day trading on Friday . The company traded as low as C$93.91 and last traded at C$94.52. Approximately 126,662 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 171,706 shares. The stock had previously closed at C$95.67.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce lowered their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a report on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$96.50.

West Fraser Timber Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 6.83. The firm has a 50-day simple moving average of C$96.07 and a two-hundred day simple moving average of C$92.33. The company has a market capitalization of C$7.40 billion, a price-to-earnings ratio of -6.16 and a beta of 1.13.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($1.11) earnings per share (EPS) for the quarter. The firm had revenue of C$2.04 billion for the quarter. West Fraser Timber had a negative net margin of 26.37% and a negative return on equity of 24.96%. As a group, sell-side analysts forecast that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.