West Fraser Timber (NYSE:WFG) Price Target Cut to $100.00 by Analysts at Scotiabank

West Fraser Timber (NYSE:WFG) had its price target trimmed by Scotiabank from $109.00 to $100.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

WFG has been the topic of a number of other reports. TD Securities cut their target price on shares of West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Raymond James cut their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, BMO Capital Markets increased their price target on shares of West Fraser Timber from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $106.00.

West Fraser Timber Trading Up 0.9 %

West Fraser Timber stock opened at $80.40 on Tuesday. West Fraser Timber has a 1 year low of $73.91 and a 1 year high of $102.40. The company has a market cap of $6.25 billion, a PE ratio of -62.81 and a beta of 1.22. The company’s 50-day moving average is $86.89 and its two-hundred day moving average is $90.59.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. Research analysts forecast that West Fraser Timber will post 1.59 EPS for the current year.

West Fraser Timber Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.59%. West Fraser Timber’s dividend payout ratio (DPR) is currently -100.00%.

Institutional Trading of West Fraser Timber

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in West Fraser Timber during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in West Fraser Timber during the 4th quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in West Fraser Timber during the 4th quarter worth approximately $52,000. Signaturefd LLC raised its holdings in West Fraser Timber by 77.4% during the 3rd quarter. Signaturefd LLC now owns 880 shares of the company’s stock worth $86,000 after buying an additional 384 shares during the period. Finally, US Bancorp DE raised its holdings in West Fraser Timber by 82.9% during the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after buying an additional 582 shares during the period. 40.23% of the stock is currently owned by institutional investors and hedge funds.

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.