West Fraser Timber (TSE:WFG) Stock Price Down 0.1% – Here’s What Happened

West Fraser Timber Co. Ltd. (TSE:WFG) shares were down 0.1% on Tuesday . The stock traded as low as C$94.30 and last traded at C$96.01. 259,172 shares were traded during trading, an increase of 43% from the average daily volume of 180,772 shares. The stock had previously closed at C$96.13.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WFG. Raymond James Financial cut shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce dropped their price target on West Fraser Timber from C$102.00 to C$100.00 in a research report on Friday, May 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, West Fraser Timber currently has a consensus rating of “Hold” and an average price target of C$96.50.

West Fraser Timber Price Performance

The company has a market capitalization of C$7.71 billion, a P/E ratio of -6.59 and a beta of 1.21. The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37. The business has a 50 day simple moving average of C$90.71 and a 200-day simple moving average of C$90.73.

West Fraser Timber (TSE:WFG) last released its quarterly earnings results on Wednesday, April 29th. The company reported C($3.35) EPS for the quarter. West Fraser Timber had a negative return on equity of 23.22% and a negative net margin of 22.93%.The firm had revenue of C$1.86 billion for the quarter. Analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current fiscal 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.