West Fraser Timber Co. Ltd. (TSE:WFT) Forecasted to Post Q3 2019 Earnings of ($0.63) Per Share

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West Fraser Timber Co. Ltd. (TSE:WFT) – Equities research analysts at Raymond James upped their Q3 2019 earnings per share estimates for West Fraser Timber in a report released on Wednesday, October 16th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of ($0.63) per share for the quarter, up from their prior estimate of ($0.98). Raymond James has a “Strong-Buy” rating and a $76.00 price objective on the stock. Raymond James also issued estimates for West Fraser Timber’s FY2019 earnings at ($1.36) EPS.

WFT has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. CIBC dropped their price target on shares of West Fraser Timber from C$65.00 to C$58.00 in a research note on Friday, October 11th. BMO Capital Markets dropped their price target on shares of West Fraser Timber from C$78.00 to C$74.00 in a research note on Monday, July 22nd. Finally, TD Securities dropped their price target on shares of West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$70.60.

Shares of WFT stock opened at C$55.63 on Monday. The stock has a market capitalization of $3.72 billion and a P/E ratio of 21.61. The company has a current ratio of 1.70, a quick ratio of 0.67 and a debt-to-equity ratio of 35.10. The firm’s 50 day moving average is C$51.53 and its 200 day moving average is C$55.77. West Fraser Timber has a 12 month low of C$43.93 and a 12 month high of C$80.13.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

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