West Fraser Timber (TSE:WFG) Rating Increased to Moderate Buy at Raymond James Financial

West Fraser Timber (TSE:WFG) was upgraded by equities research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on WFG. CIBC decreased their price target on West Fraser Timber from C$113.00 to C$96.00 in a research note on Tuesday, December 9th. Cibc Captl Mkts downgraded West Fraser Timber from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, West Fraser Timber presently has a consensus rating of “Moderate Buy” and an average price target of C$96.00.

West Fraser Timber Price Performance

Shares of WFG opened at C$94.14 on Wednesday. The firm has a 50-day simple moving average of C$84.80 and a two-hundred day simple moving average of C$93.49. The stock has a market cap of C$7.38 billion, a PE ratio of -28.53 and a beta of 1.82. West Fraser Timber has a 1-year low of C$80.82 and a 1-year high of C$133.59. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. The company had revenue of C$1.82 billion during the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%. As a group, analysts forecast that West Fraser Timber will post 8.1184776 EPS 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.