West Fraser Timber (TSE:WFG) Upgraded to Moderate Buy at Raymond James Financial

West Fraser Timber (TSE:WFG) was upgraded by research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

West Fraser Timber Stock Up 1.5%

Shares of TSE:WFG opened at C$99.71 on Tuesday. The stock’s 50-day moving average is C$95.53 and its 200 day moving average is C$92.11. The company has a market cap of C$7.81 billion, a PE ratio of -6.50 and a beta of 1.11. The company has a debt-to-equity ratio of 6.83, a current ratio of 2.06 and a quick ratio of 2.10. West Fraser Timber has a 1 year low of C$80.38 and a 1 year high of C$105.25.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($1.11) earnings per share for the quarter. The business had revenue of C$2.04 billion during the quarter. West Fraser Timber had a negative return on equity of 24.96% and a negative net margin of 26.37%. Sell-side analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current year.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.