TD Securities Lowers West Fraser Timber (NYSE:WFG) Price Target to $110.00

West Fraser Timber (NYSE:WFG - Free Report) had its target price decreased by TD Securities from $120.00 to $110.00 in a research report released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets raised their price objective on West Fraser Timber from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Raymond James dropped their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 3rd. 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 an average target price of $106.00.

West Fraser Timber Stock Up 0.9 %

NYSE:WFG traded up $0.71 on Friday, hitting $80.40. The stock had a trading volume of 238,003 shares, compared to its average volume of 184,465. The company has a fifty day moving average price of $86.89 and a two-hundred day moving average price of $90.59. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -62.81 and a beta of 1.22. West Fraser Timber has a 1-year low of $73.91 and a 1-year high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. As a group, analysts anticipate that West Fraser Timber will post 1.59 earnings per share for the current year.

West Fraser Timber Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. West Fraser Timber's dividend payout ratio is currently -100.00%.

Institutional Trading of West Fraser Timber

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of West Fraser Timber in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new position in West Fraser Timber in the 4th quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of West Fraser Timber in the fourth quarter worth $52,000. Signaturefd LLC increased its position in shares of West Fraser Timber by 77.4% during the third quarter. Signaturefd LLC now owns 880 shares of the company's stock worth $86,000 after acquiring an additional 384 shares during the period. Finally, US Bancorp DE raised its stake in shares of West Fraser Timber by 82.9% in the third quarter. US Bancorp DE now owns 1,284 shares of the company's stock valued at $125,000 after acquiring an additional 582 shares in the last quarter. Institutional investors and hedge funds 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.