West Fraser Timber (TSE:WFG - Free Report) had its price objective boosted by CIBC from C$164.00 to C$171.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.
West Fraser Timber Trading Up 2.4 %
West Fraser Timber stock traded up C$2.92 during midday trading on Wednesday, reaching C$126.89. The stock had a trading volume of 148,832 shares, compared to its average volume of 123,945. West Fraser Timber has a twelve month low of C$100.84 and a twelve month high of C$141.27. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. The firm has a market cap of C$9.91 billion, a price-to-earnings ratio of 55.65 and a beta of 2.03. The firm's fifty day simple moving average is C$128.48 and its two-hundred day simple moving average is C$123.20.
West Fraser Timber (TSE:WFG - Get Free Report) last issued its earnings results 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). The business had revenue of C$1.96 billion during the quarter, compared to analyst estimates of C$2.01 billion. West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. Equities analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.
West Fraser Timber Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, January 14th were issued a $0.32 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. West Fraser Timber's dividend payout ratio is 75.88%.
West Fraser Timber Company Profile
(
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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.
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