West Fraser Timber (TSE:WFG) Reaches New 52-Week Low – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price reached a new 52-week low on Monday . The company traded as low as C$80.82 and last traded at C$81.92, with a volume of 56884 shares changing hands. The stock had previously closed at C$81.56.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WFG shares. Cibc Captl Mkts lowered West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. CIBC lowered their price objective on West Fraser Timber from C$113.00 to C$96.00 in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$96.00.

West Fraser Timber Trading Down 0.1%

The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10. The business’s fifty day simple moving average is C$85.92 and its 200 day simple moving average is C$95.20. The stock has a market cap of C$6.47 billion, a price-to-earnings ratio of -25.03 and a beta of 1.75.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. The business had revenue of C$1.82 billion during the quarter. On average, research analysts predict that West Fraser Timber Co. Ltd. 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.