West Fraser Timber (TSE:WFG) Downgraded to “Moderate Buy” Rating by Raymond James

Raymond James cut shares of West Fraser Timber (TSE:WFG) from a strong-buy rating to a moderate buy rating in a research report report published on Monday,Zacks.com reports.

Separately, CIBC upped their price target on shares of West Fraser Timber from C$164.00 to C$171.00 in a report on Wednesday, January 15th.

West Fraser Timber Trading Down 0.3 %

WFG stock opened at C$129.90 on Monday. The company has a market capitalization of C$10.14 billion, a PE ratio of 56.97 and a beta of 2.03. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 2.33. West Fraser Timber has a one year low of C$100.84 and a one year high of C$141.27. The company’s 50 day moving average price is C$128.57 and its two-hundred day moving average price is C$123.94.

West Fraser Timber (TSE:WFG) last issued its earnings results on Wednesday, October 23rd. The company reported C($1.41) EPS for the quarter, missing analysts’ consensus estimates of C($0.62) by C($0.79). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The business had revenue of C$1.96 billion during the quarter, compared to analysts’ expectations of C$2.01 billion. As a group, analysts predict that West Fraser Timber will post 8.1184776 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. West Fraser Timber’s dividend payout ratio (DPR) is 75.88%.

West Fraser Timber Company Profile

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.