West Fraser Timber (TSE:WFG) Stock Rating Lowered by Raymond James

West Fraser Timber (TSE:WFG) was downgraded by research analysts at Raymond James from a “strong-buy” rating to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

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

West Fraser Timber Stock Performance

TSE WFG opened at C$132.12 on Monday. The stock has a market capitalization of C$10.32 billion, a price-to-earnings ratio of 57.95 and a beta of 2.03. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The business’s 50 day moving average is C$128.57 and its two-hundred day moving average is C$123.94. West Fraser Timber has a 12-month low of C$100.84 and a 12-month high of C$141.27.

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

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.