West Fraser Timber (NYSE:WFG) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

West Fraser Timber (NYSE:WFG – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently weighed in on the company. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of West Fraser Timber in a research report on Thursday. Royal Bank Of Canada decreased their price target on shares of West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Raymond James Financial dropped their price objective on West Fraser Timber from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Cantor Fitzgerald raised West Fraser Timber to a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, West Fraser Timber presently has an average rating of “Moderate Buy” and a consensus price target of $83.80.

Check Out Our Latest Stock Analysis on WFG

West Fraser Timber Stock Performance

Shares of WFG opened at $67.09 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $5.25 billion, a PE ratio of -4.85 and a beta of 1.12. West Fraser Timber has a 52-week low of $57.34 and a 52-week high of $76.99. The company has a 50-day simple moving average of $68.32 and a 200-day simple moving average of $67.31.

West Fraser Timber (NYSE:WFG – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.19). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.42 billion. West Fraser Timber had a negative net margin of 20.39% and a negative return on equity of 9.19%. Equities research analysts predict that West Fraser Timber will post -4.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On West Fraser Timber

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new position in shares of West Fraser Timber in the second quarter worth approximately $21,429,000. Bank of America Corp DE bought a new position in West Fraser Timber during the 2nd quarter valued at approximately $5,533,000. Robotti Robert purchased a new position in West Fraser Timber in the 2nd quarter worth approximately $20,021,000. Legal & General Group Plc bought a new stake in West Fraser Timber in the 2nd quarter worth approximately $4,936,000. Finally, SailingStone Capital Partners LLC raised its position in West Fraser Timber by 57.8% in the second quarter. SailingStone Capital Partners LLC now owns 412,177 shares of the company’s stock worth $27,900,000 after acquiring an additional 150,978 shares during the period. Institutional investors own 40.23% of the company’s stock.

About West Fraser Timber

(Get Free Report)

West Fraser Timber Co Ltd. is a diversified wood products company that manufactures and sells building materials for residential, commercial and industrial applications. Its principal products include lumber, oriented strand board, laminated veneer lumber and other engineered wood products used in construction, remodeling and manufacturing.

The company operates wood product manufacturing facilities and manages timber resources across Canada and the United States, with a significant presence in Western Canada and the U.S.

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