Scotiabank Has Lowered Expectations for West Fraser Timber (NYSE:WFG) Stock Price

West Fraser Timber (NYSE:WFG - Get Free Report) had its price objective cut by research analysts at Scotiabank from $109.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's target price would indicate a potential upside of 24.47% from the stock's current price. Scotiabank also issued estimates for West Fraser Timber's Q1 2025 earnings at $0.53 EPS.

Several other research firms have also recently commented on WFG. Raymond James cut their price target on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. TD Securities dropped their target price on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, BMO Capital Markets increased their target price on West Fraser Timber from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, West Fraser Timber presently has a consensus rating of "Buy" and an average price target of $106.00.

West Fraser Timber Stock Up 1.8 %

West Fraser Timber stock traded up $1.41 during trading hours on Tuesday, hitting $80.34. The stock had a trading volume of 197,374 shares, compared to its average volume of 186,469. The company has a 50-day moving average of $86.37 and a two-hundred day moving average of $90.44. The company has a market cap of $6.24 billion, a PE ratio of -382.58 and a beta of 1.22. West Fraser Timber has a fifty-two week low of $73.91 and a fifty-two week high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. As a group, analysts forecast that West Fraser Timber will post 5.14 EPS for the current fiscal year.

Institutional Investors Weigh In On West Fraser Timber

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in West Fraser Timber during the 4th quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in West Fraser Timber during the 4th quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in West Fraser Timber during the 4th quarter valued at $52,000. Signaturefd LLC increased its holdings in West Fraser Timber by 77.4% during the 3rd quarter. Signaturefd LLC now owns 880 shares of the company's stock valued at $86,000 after purchasing an additional 384 shares in the last quarter. Finally, US Bancorp DE increased 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 valued at $125,000 after purchasing an additional 582 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

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.