Western Forest Products Inc. (TSE:WEF - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.50 and traded as high as C$0.54. Western Forest Products shares last traded at C$0.54, with a volume of 161,311 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. TD Securities cut their price objective on Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. Finally, CIBC decreased their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Western Forest Products currently has an average rating of "Hold" and an average price target of C$0.65.
View Our Latest Stock Report on WEF
Western Forest Products Trading Up 3.7 %
The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The company's 50-day moving average price is C$0.45 and its 200-day moving average price is C$0.50. The firm has a market capitalization of C$177.38 million, a PE ratio of -3.86, a PEG ratio of 0.32 and a beta of 1.81.
Western Forest Products (TSE:WEF - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.03) by C$0.02. The business had revenue of C$309.50 million during the quarter, compared to analysts' expectations of C$258.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. On average, sell-side analysts expect that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.
Western Forest Products Company Profile
(
Get Free Report)
Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
Featured Articles
Before you consider Western Forest Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Forest Products wasn't on the list.
While Western Forest Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
