West Fraser Timber Co. Ltd. (NYSE:WFG) Receives $105.60 Consensus PT from Analysts

West Fraser Timber Co. Ltd. (NYSE:WFG) has received a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $105.60.

WFG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets upped their target price on West Fraser Timber from $92.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th.

West Fraser Timber Price Performance

West Fraser Timber stock opened at $100.96 on Wednesday. The company has a market cap of $7.96 billion, a P/E ratio of -83.44 and a beta of 1.16. West Fraser Timber has a one year low of $64.11 and a one year high of $102.40. The business has a fifty day moving average of $91.44 and a two-hundred day moving average of $83.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.33.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.09). West Fraser Timber had a return on equity of 3.83% and a net margin of 2.23%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts predict that West Fraser Timber will post 2.03 earnings per share for the current fiscal year.

West Fraser Timber Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 26th were paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, September 26th. West Fraser Timber’s payout ratio is currently -77.69%.

Hedge Funds Weigh In On West Fraser Timber

Hedge funds have recently bought and sold shares of the stock. Park Place Capital Corp purchased a new stake in shares of West Fraser Timber in the second quarter valued at $31,000. Signaturefd LLC boosted its stake in shares of West Fraser Timber by 60.0% during the 2nd quarter. Signaturefd LLC now owns 496 shares of the company’s stock worth $38,000 after purchasing an additional 186 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of West Fraser Timber during the second quarter worth about $44,000. UniSuper Management Pty Ltd raised its position in shares of West Fraser Timber by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock valued at $69,000 after buying an additional 400 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of West Fraser Timber in the first quarter valued at approximately $103,000. Hedge funds and other institutional investors own 40.23% of the company’s stock.

About West Fraser Timber

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.