West Fraser Timber (TSE:WFG) Trading 1.6% Higher – Should You Buy?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price shot up 1.6% on Thursday . The company traded as high as C$130.50 and last traded at C$130.37. 123,167 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 162,560 shares. The stock had previously closed at C$128.35.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. CIBC raised their price target on shares of West Fraser Timber from C$125.00 to C$138.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets upgraded shares of West Fraser Timber to a “strong-buy” rating in a report on Tuesday, July 30th.

West Fraser Timber Trading Up 1.6 %

The firm has a market capitalization of C$10.18 billion, a P/E ratio of 57.18 and a beta of 2.03. The stock’s 50-day simple moving average is C$129.26 and its two-hundred day simple moving average is C$117.26. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10.

West Fraser Timber (TSE:WFG) last issued its quarterly 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 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. Equities research analysts expect that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current year.

West Fraser Timber Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, September 26th. West Fraser Timber’s payout ratio is currently 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.