West Fraser Timber (NYSE:WFG) PT Raised to $115.00 at BMO Capital Markets

West Fraser Timber (NYSE:WFG) had its price target increased by stock analysts at BMO Capital Markets from $105.00 to $115.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 21.64% from the company’s previous close.

Separately, Royal Bank of Canada upped their price objective on shares of West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $107.60.

West Fraser Timber Stock Up 0.5 %

WFG stock opened at $94.54 on Tuesday. The stock’s 50 day moving average is $92.52 and its 200-day moving average is $84.25. West Fraser Timber has a twelve month low of $64.11 and a twelve month high of $102.40. The firm has a market capitalization of $7.46 billion, a PE ratio of -78.13 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 2.33 and a debt-to-equity ratio of 0.03.

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

Institutional Trading of West Fraser Timber

Large investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp purchased a new stake in shares of West Fraser Timber during the 2nd quarter worth approximately $31,000. Signaturefd LLC raised its stake in shares of West Fraser Timber by 60.0% in the second quarter. Signaturefd LLC now owns 496 shares of the company’s stock valued at $38,000 after buying an additional 186 shares during the period. Ensign Peak Advisors Inc purchased a new position in shares of West Fraser Timber during the 2nd quarter valued at $44,000. UniSuper Management Pty Ltd grew its stake in shares of West Fraser Timber by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock worth $69,000 after acquiring an additional 400 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in West Fraser Timber in the 1st quarter worth about $103,000. Hedge funds and other institutional investors own 40.23% of the company’s stock.

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.