West Fraser Timber Co. Ltd. to Post FY2020 Earnings of $4.24 Per Share, Raymond James Forecasts (TSE:WFT)

West Fraser Timber Co. Ltd. (TSE:WFT) – Equities research analysts at Raymond James raised their FY2020 earnings estimates for shares of West Fraser Timber in a research report issued on Tuesday, July 28th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $4.24 per share for the year, up from their prior forecast of $3.66. Raymond James currently has a “Outperform” rating and a $74.00 price objective on the stock.

Several other brokerages have also recently weighed in on WFT. Scotiabank increased their price target on West Fraser Timber from C$54.00 to C$63.00 in a research note on Friday, July 24th. CIBC increased their price target on West Fraser Timber from C$49.00 to C$53.00 in a research note on Monday, June 15th. Royal Bank of Canada increased their price target on West Fraser Timber from C$65.00 to C$77.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, TD Securities increased their price target on West Fraser Timber from C$65.00 to C$75.00 and gave the company a “buy” rating in a research note on Wednesday.

Shares of WFT stock opened at C$66.32 on Friday. The stock has a market cap of $4.55 billion and a price-to-earnings ratio of -28.13. The stock has a 50-day moving average of C$51.25 and a 200-day moving average of C$45.01. The company has a current ratio of 1.28, a quick ratio of 0.46 and a debt-to-equity ratio of 53.75. West Fraser Timber has a 1-year low of C$21.60 and a 1-year high of C$67.04.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 1.21%. West Fraser Timber’s dividend payout ratio is currently -33.93%.

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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