West Fraser Timber (TSE:WFG) Stock Price Up 2.9% – Still a Buy?

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) shot up 2.9% during trading on Tuesday . The company traded as high as C$93.04 and last traded at C$92.99. 164,485 shares changed hands during trading, a decline of 6% from the average session volume of 175,169 shares. The stock had previously closed at C$90.37.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WFG. Raymond James Financial cut shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce dropped their target price on shares of West Fraser Timber from C$102.00 to C$100.00 in a report on Friday, May 1st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$96.50.

West Fraser Timber Trading Up 1.4%

The firm has a 50-day moving average price of C$88.64 and a 200-day moving average price of C$89.52. The company has a debt-to-equity ratio of 9.37, a quick ratio of 2.10 and a current ratio of 1.84. The stock has a market cap of C$7.30 billion, a PE ratio of -6.24 and a beta of 1.21.

West Fraser Timber (TSE:WFG) last issued its earnings results on Wednesday, April 29th. The company reported C($3.35) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 23.22% and a negative net margin of 22.93%.The business had revenue of C$1.86 billion during the quarter. As a group, equities analysts anticipate that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current fiscal 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.