West Fraser Timber (TSE:WFG) Cut to “Moderate Buy” at Raymond James

West Fraser Timber (TSE:WFG) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, CIBC lifted their price objective on shares of West Fraser Timber from C$164.00 to C$171.00 in a research note on Wednesday, January 15th.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock opened at C$129.90 on Monday. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. West Fraser Timber has a 12 month low of C$100.84 and a 12 month high of C$141.27. The stock has a 50 day moving average of C$128.57 and a 200 day moving average of C$123.94. The firm has a market cap of C$10.14 billion, a PE ratio of 56.97 and a beta of 2.03.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($1.41) EPS for the quarter, missing the consensus estimate of C($0.62) by C($0.79). West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. The business had revenue of C$1.96 billion for the quarter, compared to the consensus estimate of C$2.01 billion. On average, research analysts expect that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.

About West Fraser Timber

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.