West Fraser Timber Co. Ltd. (NYSE:WFG) Given Average Recommendation of “Buy” by Analysts

Shares of West Fraser Timber Co. Ltd. (NYSE:WFG) have earned a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $100.40.

A number of equities analysts have commented on the company. Royal Bank of Canada decreased their price target on West Fraser Timber from $117.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Scotiabank cut their target price on shares of West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating on the stock in a report on Tuesday, February 18th. Raymond James lowered their price target on shares of West Fraser Timber from $105.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. TD Securities dropped their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of West Fraser Timber from a “sell” rating to a “hold” rating in a research report on Saturday.

West Fraser Timber Stock Down 1.0%

Shares of NYSE:WFG opened at $74.88 on Friday. The stock has a market cap of $5.77 billion, a PE ratio of -356.57 and a beta of 1.17. The company’s fifty day moving average is $74.06 and its 200 day moving average is $81.45. West Fraser Timber has a 52 week low of $69.48 and a 52 week high of $102.40.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts anticipate that West Fraser Timber will post 4.45 EPS for the current year.

Institutional Trading of West Fraser Timber

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in West Fraser Timber during the 4th quarter valued at $35,000. Kestra Investment Management LLC purchased a new position in shares of West Fraser Timber during the fourth quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of West Fraser Timber during the fourth quarter valued at about $52,000. GAMMA Investing LLC raised its stake in West Fraser Timber by 7,588.9% in the first quarter. GAMMA Investing LLC now owns 692 shares of the company’s stock worth $53,000 after buying an additional 683 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in West Fraser Timber by 22.5% in the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock worth $93,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 40.23% of the company’s stock.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.