West Fraser Timber (TSE:WFG) Price Target Cut to C$100.00 by Analysts at Canadian Imperial Bank of Commerce

West Fraser Timber (TSE:WFG) had its price objective trimmed by Canadian Imperial Bank of Commerce from C$102.00 to C$100.00 in a research note released on Friday morning,BayStreet.CA reports.

WFG has been the subject of a number of other research reports. TD Securities upped their price target on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Raymond James Financial lowered West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of “Hold” and an average price target of C$96.50.

West Fraser Timber Trading Down 1.3%

TSE WFG traded down C$1.12 during trading on Friday, hitting C$84.88. 207,405 shares of the company’s stock traded hands, compared to its average volume of 175,569. The stock has a fifty day moving average of C$88.99 and a two-hundred day moving average of C$89.44. The company has a debt-to-equity ratio of 9.37, a current ratio of 1.84 and a quick ratio of 2.10. West Fraser Timber has a 12-month low of C$80.82 and a 12-month high of C$108.40. The firm has a market cap of C$6.65 billion, a P/E ratio of -7.03 and a beta of 1.13.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings results on Wednesday, February 11th. The company reported C($13.05) earnings per share (EPS) for the quarter. West Fraser Timber had a negative net margin of 25.12% and a negative return on equity of 23.07%. The business had revenue of C$1.51 billion for the quarter. As a group, sell-side analysts expect that West Fraser Timber will post 8.1184776 EPS for the current year.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.