Raymond James set a C$80.00 target price on West Fraser Timber (TSE:WFT) in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for West Fraser Timber’s Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at $2.30 EPS, Q4 2019 earnings at $1.57 EPS, FY2019 earnings at $3.88 EPS and FY2020 earnings at $7.43 EPS.
Several other research firms have also recently commented on WFT. TD Securities cut their price target on West Fraser Timber from C$83.00 to C$80.00 and set a buy rating for the company in a report on Monday, April 29th. CIBC upgraded Cornerstone Progressive Return Fund from an average rating to a buy rating and set a $14.00 price objective on the stock in a research note on Tuesday, June 18th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a GBX 485 ($6.34) price objective on shares of in a research note on Tuesday, July 9th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of C$77.60.
West Fraser Timber stock opened at C$54.50 on Friday. The firm has a 50 day moving average price of C$57.88. The company has a debt-to-equity ratio of 35.10, a quick ratio of 0.67 and a current ratio of 1.70. The firm has a market cap of $3.67 billion and a PE ratio of 21.17. West Fraser Timber has a 12 month low of C$52.01 and a 12 month high of C$93.13.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th were paid a $0.20 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. West Fraser Timber’s dividend payout ratio is currently 31.08%.
About West Fraser Timber
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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