Analysts from Raymond James Financial have released their earnings per share (EPS) estimates for West Fraser Timber Co. Ltd. (TSE: WFG) for the fiscal year 2027. In a report dated October 15, 2023, analyst D. Swetlishoff projected that the company will achieve earnings of $4.23 per share. The firm currently maintains a “Hold” rating on West Fraser’s stock.
The consensus estimate for West Fraser Timber’s earnings for the current fiscal year stands at $8.12 per share. Additionally, in a separate report on September 10, 2023, CIBC revised its price target for West Fraser shares from C$122.00 to C$119.00, while also assigning an “outperform” rating.
Stock Performance and Analyst Ratings
Currently, one analyst has designated a Buy rating for the stock, while another has assigned a Hold rating. According to data from MarketBeat, the overall consensus rating for West Fraser Timber is “Moderate Buy,” with a price target of C$119.00.
On October 20, 2023, West Fraser Timber’s stock opened at C$93.73, reflecting a decline of 0.6%. The stock has recorded a 52-week low of C$92.48 and a 52-week high of C$140.30. As for its moving averages, the company’s 50-day simple moving average is C$99.20, and the 200-day simple moving average is C$101.07.
Financial metrics indicate that West Fraser Timber has a debt-to-equity ratio of 7.39, a current ratio of 1.82, and a quick ratio of 2.10. The company’s market capitalization is approximately C$7.39 billion, with a price-to-earnings (P/E) ratio of -58.22 and a beta of 1.67.
Company Overview
West Fraser Timber Co. Ltd. is a diversified wood products manufacturer, operating over 60 facilities across Canada, the United States, the United Kingdom, and Europe. The company produces a wide range of products, including lumber, engineered wood products such as oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, and particleboard. Additionally, West Fraser Timber is involved in pulp production, newsprint, wood chips, and renewable energy.
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