CIBC Forecasts Strong Price Appreciation for West Fraser Timber (TSE:WFG) Stock

Posted by Trent Williams on Jan 16th, 2025

West Fraser Timber (TSE:WFG – Free Report) had its price target upped by CIBC from C$164.00 to C$171.00 in a report released on Wednesday,BayStreet.CA reports.

West Fraser Timber Stock Up 2.4 %

WFG opened at C$126.89 on Wednesday. The stock has a market capitalization of C$9.91 billion, a P/E ratio of 55.65 and a beta of 2.03. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 2.33. West Fraser Timber has a one year low of C$100.84 and a one year high of C$141.27. The business’s 50-day simple moving average is C$128.48 and its 200-day simple moving average is C$123.20.

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

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, January 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s dividend payout ratio is currently 75.88%.

West Fraser Timber Company Profile

(Get Free Report)

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.