West Fraser Timber (TSE:WFG) Rating Increased to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of West Fraser Timber (TSE:WFG) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday morning,Zacks reports.

West Fraser Timber Price Performance

Shares of TSE WFG opened at C$99.71 on Tuesday. West Fraser Timber has a 1 year low of C$80.38 and a 1 year high of C$105.25. The company has a debt-to-equity ratio of 6.83, a current ratio of 2.06 and a quick ratio of 2.10. The company’s 50-day moving average is C$95.53 and its 200 day moving average is C$92.11. The stock has a market capitalization of C$7.81 billion, a P/E ratio of -6.50 and a beta of 1.11.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($1.11) EPS for the quarter. The company had revenue of C$2.04 billion during the quarter. West Fraser Timber had a negative return on equity of 24.96% and a negative net margin of 26.37%. On average, sell-side analysts expect that West Fraser Timber will post 8.1184776 earnings per share for the current year.

About West Fraser Timber

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.