West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) traded up 1.6% on Thursday . The stock traded as high as C$130.50 and last traded at C$130.37. 123,167 shares were traded during trading, a decline of 24% from the average session volume of 162,560 shares. The stock had previously closed at C$128.35.
Analyst Ratings Changes
Several brokerages have commented on WFG. BMO Capital Markets upgraded shares of West Fraser Timber to a "strong-buy" rating in a research note on Tuesday, July 30th. CIBC raised their target price on shares of West Fraser Timber from C$125.00 to C$138.00 and gave the company an "outperform" rating in a report on Monday, July 29th.
Read Our Latest Analysis on West Fraser Timber
West Fraser Timber Price Performance
The company's 50-day simple moving average is C$129.26 and its 200 day simple moving average is C$117.26. The company has a market capitalization of C$10.10 billion, a P/E ratio of 57.18 and a beta of 2.03. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 7.39.
West Fraser Timber (TSE:WFG - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C($1.41) earnings per share for the quarter, missing the consensus estimate of C($0.62) by C($0.79). West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. The company had revenue of C$1.96 billion during the quarter, compared to the consensus estimate of C$2.01 billion. As a group, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current fiscal year.
West Fraser Timber Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, September 26th. West Fraser Timber's dividend payout ratio (DPR) is presently 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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