West Fraser Timber (TSE:WFG) Stock Price Up 2.9% – Should You Buy?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price rose 2.9% on Tuesday . The company traded as high as C$93.04 and last traded at C$92.99. Approximately 164,485 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 175,169 shares. The stock had previously closed at C$90.37.

Analyst Upgrades and Downgrades

WFG has been the subject of a number of research analyst reports. Raymond James Financial lowered shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce reduced their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a research note on Friday, May 1st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$96.50.

West Fraser Timber Trading Up 2.9%

The firm has a market capitalization of C$7.28 billion, a price-to-earnings ratio of -6.22 and a beta of 1.21. The firm’s 50 day moving average is C$88.54 and its 200 day moving average is C$89.39. The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37.

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