West Fraser Timber Co. Ltd. (NYSE:WFG) finished Wednesday with a subtraction of -$2.05 to close at $75.19, a downside of -2.65 percent. An average of 501,120 shares of common stock have been traded in the last five days. There was a fall of -$10.15 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 246,180 shares traded, while the 50-day average volume stands at 319,782.
WFG stock has decreased by -17.20% in the last month. The company shares reached their 1-month lowest point of $75.15 on 09/21/22. With the stock rallying to its 52-week high on 07/20/22, shares of the company touched a low of $71.35 and a high of $102.96 in 52 weeks. It has reached a new high 6 times so far this year and lost -21.15% or -$20.17 in price. In spite of this, the price is down -26.97% from the 52-week high.
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West Fraser Timber Co. Ltd. (WFG) has a trailing price-to-earnings (P/E) ratio of 2.24. The stock’s beta is 1.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.62, the price-to-book (PB) ratio at 0.72, and the price-to-cash flow ratio at 3.16.
The company has a payout ratio of 2.50%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.05 reported on Thursday June 9 2022.
The quick ratio of West Fraser Timber Co. Ltd. for the three months ended June 29 was 2.30, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.06 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $5.03 billion compared to revenue of $10.52 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, West Fraser Timber Co. Ltd.’s return on assets was 25.20%.
The analyst consensus anticipated West Fraser Timber Co. Ltd.’s latest quarter earnings to come in at $6.35 per share, but it turned out to be $7.59, a 19.50% surprise. For the quarter, EBITDA amounted to $1.12 billion.
From a technical analysis perspective, let’s take a brief look at West Fraser Timber Co. Ltd. (WFG) price momentum. RSI 9-day as of the close on 21 September was 28.61%, suggesting the stock is oversold, with historical volatility in this time frame at 56.39%.
As of today, WFG’s price is $79.52 -11.89% or -$10.15 from its 5-day moving average. WFG is currently trading -18.06% lower than its 20-day SMA and -16.03% lower than its 100-day SMA. However, the stock’s current price level is -8.36% below the SMA50 and -11.83% below the SMA200.
The stochastic %K and %D were 7.19% and 9.07%, respectively, and the average true range (ATR) was 3.35. With the 14-day stochastic at 0.30% and the average true range at 3.30, the RSI (14) stands at 32.88%. The stock has reached -3.76 on the 9-day MACD Oscillator while the 14-day reading was at -4.31.
TD Securities reiterated its a Buy rating on West Fraser Timber Co. Ltd. (NYSE: WFG), but raised their price target to $120, indicating a potential price increase of 37.34% for the stock. The consensus rating for West Fraser Timber Co. Ltd. (WFG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WFG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is WFG’s price target for the next 12 months?
Analysts predict a range of price targets between $107.68 and $147.81, with a median target of $116.00. Taking a look at these predictions, the average price target given by analysts for West Fraser Timber Co. Ltd. (WFG) stock is $119.81.