Analysts Set West Fraser Timber Co. Ltd. (NYSE:WFG) PT at $104.92

Shares of West Fraser Timber Co. Ltd. (NYSE:WFGGet Free Report) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $104.92.

Several research analysts have recently weighed in on WFG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $97.00 price objective on shares of West Fraser Timber in a research report on Thursday, March 28th. Scotiabank set a $100.00 price objective on West Fraser Timber and gave the company an “outperform” rating in a research note on Monday, January 22nd. Finally, Raymond James increased their target price on West Fraser Timber from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 6th.

Get Our Latest Analysis on West Fraser Timber

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WFG. Advisor Group Holdings Inc. raised its position in shares of West Fraser Timber by 15.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,632 shares of the company’s stock worth $217,000 after acquiring an additional 344 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in West Fraser Timber by 32.0% during the 1st quarter. JPMorgan Chase & Co. now owns 53,051 shares of the company’s stock valued at $4,373,000 after purchasing an additional 12,853 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in West Fraser Timber by 41.6% during the 1st quarter. Bank of New York Mellon Corp now owns 165,617 shares of the company’s stock valued at $13,651,000 after purchasing an additional 48,652 shares during the last quarter. Citigroup Inc. boosted its stake in West Fraser Timber by 526.2% during the 1st quarter. Citigroup Inc. now owns 21,798 shares of the company’s stock valued at $1,795,000 after purchasing an additional 18,317 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in West Fraser Timber by 286.4% during the 1st quarter. BlackRock Inc. now owns 89,586 shares of the company’s stock valued at $7,385,000 after purchasing an additional 66,401 shares during the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Trading Down 3.1 %

NYSE WFG opened at $79.13 on Friday. The stock has a 50-day simple moving average of $81.37 and a 200 day simple moving average of $78.32. The company has a market capitalization of $6.29 billion, a PE ratio of -36.80 and a beta of 1.15. The company has a current ratio of 2.26, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. West Fraser Timber has a 12 month low of $64.11 and a 12 month high of $90.17.

West Fraser Timber (NYSE:WFGGet Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. West Fraser Timber had a positive return on equity of 1.29% and a negative net margin of 2.59%. The firm had revenue of $1.51 billion during the quarter. Research analysts forecast that West Fraser Timber will post 4.1 EPS for the current year.

West Fraser Timber Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, March 14th. West Fraser Timber’s dividend payout ratio is currently -27.91%.

About West Fraser Timber

(Get Free Report

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.

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Analyst Recommendations for West Fraser Timber (NYSE:WFG)

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