West Fraser Timber (TSE:WFG) Stock Price Down 2.1% – Here’s What Happened

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) dropped 2.1% during trading on Wednesday. The company traded as low as C$94.75 and last traded at C$95.87. 193,232 shares traded hands during trading, an increase of 13% from the average daily volume of 171,016 shares. The stock had previously closed at C$97.94.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$96.50.

West Fraser Timber Stock Performance

The firm has a 50 day moving average of C$95.91 and a two-hundred day moving average of C$93.45. The stock has a market cap of C$7.51 billion, a PE ratio of -6.25 and a beta of 1.05. The company has a debt-to-equity ratio of 6.83, a current ratio of 2.06 and a quick ratio of 2.10.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, October 28th. The company reported C($1.47) earnings per share for the quarter. The company had revenue of C$1.94 billion for the quarter. West Fraser Timber had a negative return on equity of 24.96% and a negative net margin of 26.37%. Research analysts predict that West Fraser Timber Co. Ltd. will post 8.12 EPS for the current fiscal year.

About West Fraser Timber

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.