West Fraser Timber Co. Ltd. (TSE:WFT) – Research analysts at Raymond James lifted their Q3 2019 EPS estimates for shares of West Fraser Timber in a note issued to investors on Wednesday, October 16th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn ($0.63) per share for the quarter, up from their previous forecast of ($0.98). Raymond James has a “Strong-Buy” rating and a $76.00 price objective on the stock. Raymond James also issued estimates for West Fraser Timber’s FY2019 earnings at ($1.36) EPS.
WFT has been the topic of several other research reports. TD Securities lowered their price objective on shares of West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada lowered their price objective on shares of West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. CIBC lowered their price objective on shares of West Fraser Timber from C$65.00 to C$58.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets lowered their price objective on shares of West Fraser Timber from C$78.00 to C$74.00 in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. West Fraser Timber has an average rating of “Buy” and a consensus price target of C$70.60.
West Fraser Timber Company Profile
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
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