West Fraser Timber (TSE:WFG) Shares Climb 0.3% – Time to Buy?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price traded up 0.3% during trading on Wednesday. The company traded as high as C$90.61 and last traded at C$90.22. Approximately 245,802 shares were traded during trading, an increase of 44% from the average session volume of 170,981 shares. The stock had previously closed at C$89.94.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$96.50.

West Fraser Timber Stock Up 0.3%

The stock’s fifty day simple moving average is C$96.52 and its two-hundred day simple moving average is C$93.25. 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 has a market capitalization of C$7.06 billion, a price-to-earnings ratio of -5.88 and a beta of 1.05.

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

West Fraser Timber Company Profile

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.