West Fraser Timber (TSE:WFG) Releases Earnings Results

West Fraser Timber (TSE:WFG) announced its quarterly earnings results on Wednesday. The company reported C($13.05) earnings per share for the quarter, reports. The company had revenue of C$1.51 billion during the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.

West Fraser Timber Stock Down 1.1%

Shares of WFG opened at C$101.56 on Thursday. The company has a 50-day simple moving average of C$90.47 and a 200-day simple moving average of C$92.97. The firm has a market capitalization of C$7.96 billion, a P/E ratio of -30.78 and a beta of 1.74. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. West Fraser Timber has a 52 week low of C$80.82 and a 52 week high of C$120.94.

Analyst Ratings Changes

A number of research analysts recently issued reports on WFG shares. TD Securities raised their target price on shares of West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised their price target on West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday, February 6th. CIBC World Markets lifted their price objective on West Fraser Timber from C$96.00 to C$106.00 in a research note on Saturday, February 7th. Finally, Raymond James Financial raised West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$101.67.

West Fraser Timber Company Profile

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.