West Fraser Timber Co. Ltd. (NYSE:WFG) Receives Average Rating of “Hold” from Analysts

West Fraser Timber Co. Ltd. (NYSE:WFG) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $82.60.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of West Fraser Timber in a research report on Monday, April 20th. TD Securities reiterated a “buy” rating and set a $86.00 price target on shares of West Fraser Timber in a research report on Friday, May 1st. Zacks Research upgraded shares of West Fraser Timber from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Raymond James Financial cut shares of West Fraser Timber from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $85.00 to $75.00 in a research report on Thursday, April 23rd. Finally, TD Cowen dropped their price target on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, May 1st.

Institutional Trading of West Fraser Timber

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in West Fraser Timber by 72.2% in the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $29,000 after buying an additional 184 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in West Fraser Timber by 2.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,832 shares of the company’s stock worth $478,000 after buying an additional 192 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in West Fraser Timber by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock worth $263,000 after buying an additional 200 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in West Fraser Timber by 75.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock worth $38,000 after buying an additional 238 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in West Fraser Timber by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 47,750 shares of the company’s stock worth $3,115,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.

West Fraser Timber Trading Up 0.6%

NYSE WFG opened at $62.25 on Friday. The stock has a market cap of $4.73 billion, a P/E ratio of -4.14 and a beta of 0.97. West Fraser Timber has a 12-month low of $57.34 and a 12-month high of $78.55. The company has a fifty day simple moving average of $63.53 and a two-hundred day simple moving average of $64.30. The company has a current ratio of 1.84, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05.

West Fraser Timber (NYSE:WFG) last posted its earnings results on Wednesday, April 29th. The company reported ($2.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.23) by ($1.17). West Fraser Timber had a negative net margin of 21.86% and a negative return on equity of 9.67%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, analysts forecast that West Fraser Timber will post -3.99 earnings per share for the current year.

About West Fraser Timber

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.