CIBC Issues Positive Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its price objective boosted by CIBC from C$164.00 to C$171.00 in a report released on Wednesday morning,BayStreet.CA reports.

West Fraser Timber Price Performance

Shares of TSE WFG opened at C$126.89 on Wednesday. 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 company has a market cap of C$9.91 billion, a price-to-earnings ratio of 55.65 and a beta of 2.03. The stock’s 50-day moving average is C$128.48 and its two-hundred day moving average is C$123.20. West Fraser Timber has a 1-year low of C$100.84 and a 1-year high of C$141.27.

West Fraser Timber (TSE:WFG) last released its earnings results on Wednesday, October 23rd. The company reported C($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.62) by C($0.79). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The firm had revenue of C$1.96 billion for the quarter, compared to analysts’ expectations of C$2.01 billion. Analysts forecast that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

The firm also recently disclosed 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 payout ratio is currently 75.88%.

About West Fraser Timber

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.