West Fraser Timber Co. Ltd. profit estimate for fiscal year 2021. (TSE: WFG) posted by Raymond James

West Fraser Timber Co. Ltd. (TSE: WFG) – Raymond James increased his earnings per share (EPS) estimate for fiscal 2021 for shares of West Fraser Timber in a report released on Thursday, October 28. Raymond James analyst D. Swetlishoff now predicts the company will post earnings of $ 33.63 per share for the year, up from its previous estimate of $ 33.34. Raymond James currently has a “strong buy” rating and a target price of $ 175.00 on the stock.

Other research analysts have also recently published reports on the stock. The Royal Bank of Canada reissued a “buy” rating and set a target price of C $ 160.00 for West Fraser Timber shares in a research report released on Friday, September 10. TD Securities reassessed a “buy on stock list” rating and issued a C $ 140.00 price target for West Fraser Timber shares in a research note on Wednesday July 7. CIBC downgraded the West Fraser Timber shares from a “outperform” to a “maintain” rating and set a price target of Cdn $ 121.00 for the company. in a research note on Thursday, October 21. Finally, Scotiabank lowered its price target for West Fraser Timber shares from C $ 139.00 to C $ 137.00 in a research note on Friday, September 3. One analyst gave the stock a conservation rating, two assigned a buy rating, and two gave the company a high buy rating. According to MarketBeat, West Fraser Timber currently has a consensus rating of “Buy” and a consensus target price of C $ 146.60.

TSE WFG opened at C $ 99.09 on Monday. The Company’s fifty-day simple moving average is C $ 100.52 and its 200-day simple moving average is C $ 94.13. West Fraser Timber has a 52-week low at CA $ 77.32 and a 52-week high at CA $ 114.37. The company has a current ratio of 2.86, a quick ratio of 2.08, and a debt ratio of 7.08. The stock has a market capitalization of C $ 10.59 billion and a price-to-earnings ratio of 2.72. West Fraser Timber (TSE: WFG) last published its results on Wednesday, October 27. The company reported earnings per share (EPS) of C $ 5.29 for the quarter, exceeding the Thomson Reuters consensus estimate of C $ 4.92 by C $ 0.37. The company generated sales of C $ 2.97 billion in the quarter.

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The company also recently declared a quarterly dividend, which was paid on Tuesday, October 5. Shareholders of record on Thursday, September 23 received a dividend of $ 0.25 per share. This represents an annualized dividend of $ 1.00 and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday September 22. West Fraser Timber’s dividend payout ratio (PDR) is 1.96%.

About West Fraser Timber

West Fraser Timber Co Ltd., a diversified wood products company, produces and sells lumber, board, and pulp and paper in western Canada and the southern United States. There are woods of spruce-pine-fir, Douglas-larch, hemmed fir and southern yellow pine; treated wood products; and newsprint, wood chips and other residues and energy products, as well as bioproducts.

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West Fraser Timber History and Revenue Estimates (TSE: WFG)

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