West Fraser Timber (NYSE:WFG) Price Target Cut to $90.00 by Analysts at Raymond James

West Fraser Timber (NYSE:WFG - Get Free Report) had its target price decreased by stock analysts at Raymond James from $105.00 to $90.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price objective would suggest a potential upside of 23.47% from the company's previous close. Raymond James also issued estimates for West Fraser Timber's FY2025 earnings at $1.53 EPS, FY2025 earnings at $1.70 EPS and FY2026 earnings at $6.64 EPS.

Several other brokerages have also recently weighed in on WFG. TD Securities decreased their target price on West Fraser Timber from $110.00 to $99.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reduced their price objective on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Scotiabank lowered their price objective on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, West Fraser Timber currently has an average rating of "Buy" and an average price target of $100.40.

West Fraser Timber Trading Up 0.2 %

WFG traded up $0.16 on Tuesday, reaching $72.89. The company had a trading volume of 50,417 shares, compared to its average volume of 207,781. West Fraser Timber has a one year low of $69.48 and a one year high of $102.40. The company has a market capitalization of $5.62 billion, a P/E ratio of -347.14 and a beta of 1.21. The company has a fifty day moving average of $76.13 and a 200-day moving average of $85.87.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. Research analysts predict that West Fraser Timber will post 4.45 EPS for the current year.

Hedge Funds Weigh In On West Fraser Timber

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FIL Ltd raised its position in West Fraser Timber by 35.5% during the fourth quarter. FIL Ltd now owns 5,041,873 shares of the company's stock valued at $436,861,000 after buying an additional 1,319,843 shares during the period. Royal Bank of Canada increased its holdings in shares of West Fraser Timber by 0.3% in the 4th quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock valued at $257,974,000 after purchasing an additional 8,760 shares during the period. Vanguard Group Inc. lifted its position in shares of West Fraser Timber by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,846,663 shares of the company's stock worth $246,652,000 after purchasing an additional 12,874 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in West Fraser Timber by 56.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,049 shares of the company's stock valued at $187,126,000 after purchasing an additional 780,313 shares in the last quarter. Finally, Norges Bank purchased a new position in West Fraser Timber during the fourth quarter valued at approximately $81,605,000. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

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.