West Fraser Timber (NYSE:WFG) Price Target Lowered to $100.00 at Scotiabank

West Fraser Timber (NYSE:WFG) had its price target reduced by Scotiabank from $109.00 to $100.00 in a report released on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock. Scotiabank also issued estimates for West Fraser Timber’s Q1 2025 earnings at $0.53 EPS.

Several other research firms have also issued reports on WFG. TD Securities reduced their price target on 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 objective 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 upped their price objective on West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, West Fraser Timber presently has an average rating of “Buy” and a consensus price target of $106.00.

West Fraser Timber Trading Up 1.8 %

NYSE WFG opened at $80.34 on Tuesday. The stock’s 50 day moving average is $86.37 and its two-hundred day moving average is $90.44. West Fraser Timber has a 1-year low of $73.91 and a 1-year high of $102.40. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of -382.58 and a beta of 1.22.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, analysts predict that West Fraser Timber will post 5.14 earnings per share for the current year.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.59%. West Fraser Timber’s payout ratio is currently -609.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in West Fraser Timber during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of West Fraser Timber during the 4th quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of West Fraser Timber during the 4th quarter valued at $52,000. Signaturefd LLC boosted its position in shares of 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 purchasing an additional 384 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in West Fraser Timber by 82.9% in the third quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after acquiring an additional 582 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Company Profile

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.