West Fraser Timber (TSE:WFG) Shares Up 0.3% – Should You Buy?

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) rose 0.3% during trading on Wednesday. The company traded as high as C$90.61 and last traded at C$90.22. Approximately 245,802 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 170,981 shares. The stock had previously closed at C$89.94.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$96.50.

West Fraser Timber Trading Up 0.8%

The company has a market cap of C$7.20 billion, a price-to-earnings ratio of -5.99 and a beta of 1.05. The firm’s 50-day moving average price is C$96.56 and its 200 day moving average price is C$93.31. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 6.83.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($1.11) earnings per share (EPS) for the quarter. West Fraser Timber had a negative return on equity of 24.96% and a negative net margin of 26.37%.The firm had revenue of C$2.04 billion during the quarter. As a group, equities analysts expect that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current year.

About West Fraser Timber

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.