Scotiabank Cuts West Fraser Timber (NYSE:WFG) Price Target to $100.00

West Fraser Timber (NYSE:WFG) had its price target decreased by Scotiabank from $109.00 to $100.00 in a report issued on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock. Scotiabank also issued estimates for West Fraser Timber’s Q1 2025 earnings at $0.53 EPS.

Other equities research analysts also recently issued reports about the company. Raymond James dropped their target price on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of West Fraser Timber from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Securities decreased their target price on shares of West Fraser Timber from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $106.00.

West Fraser Timber Stock Up 1.8 %

WFG stock opened at $80.34 on Tuesday. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -382.58 and a beta of 1.22. West Fraser Timber has a 52-week low of $73.91 and a 52-week high of $102.40. The stock’s fifty day simple moving average is $86.37 and its 200-day simple moving average is $90.44.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. As a group, analysts anticipate that West Fraser Timber will post 5.14 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, March 14th. West Fraser Timber’s payout ratio is currently -609.52%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of West Fraser Timber in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of West Fraser Timber in the 4th quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of West Fraser Timber during the fourth quarter worth $52,000. Signaturefd LLC lifted its holdings in shares of West Fraser Timber by 77.4% during the third quarter. Signaturefd LLC now owns 880 shares of the company’s stock valued at $86,000 after purchasing an additional 384 shares during the last quarter. Finally, US Bancorp DE raised its holdings in West Fraser Timber by 82.9% during the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after buying an additional 582 shares during the period. 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.