Western Forest Products (TSE:WEF) Stock Gets Price Target Reduction from TD

Western Forest Products (TSE:WEF) had its target price reduced by TD from C$20.00 to C$17.00 in a research report sent to investors on Wednesday morning,BayStreet reports. TD currently has a hold rating on the stock.

WEF has been the subject of several other research reports. Raymond James Financial increased their target price on Western Forest Products from C$12.50 to C$20.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on Western Forest Products from C$16.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$17.80.

Western Forest Products Stock Down 0.6%

Western Forest Products stock opened at C$14.12 on Wednesday. The firm has a market cap of C$149.08 million, a price-to-earnings ratio of -1.76, a P/E/G ratio of 0.32 and a beta of -0.06. The company has a debt-to-equity ratio of 12.63, a current ratio of 2.44 and a quick ratio of 0.73. Western Forest Products has a fifty-two week low of C$10.16 and a fifty-two week high of C$19.95. The firm has a fifty day moving average price of C$17.54 and a two-hundred day moving average price of C$16.69.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.10 earnings per share (EPS) for the quarter. The company had revenue of C$239.60 million for the quarter. Western Forest Products had a negative return on equity of 17.78% and a negative net margin of 9.64%. As a group, analysts forecast that Western Forest Products will post 0.00 earnings per share for the current year.

About Western Forest Products

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity of 785 million board feet from five sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities.