Politics
Analysts Project West Fraser Timber’s FY2027 Earnings at $4.23 Per Share
Analysts at Raymond James Financial have set expectations for West Fraser Timber Co. Ltd. (TSE: WFG) by issuing their earnings per share (EPS) estimates for the fiscal year 2027. In a report released on October 15, 2023, analyst D. Swetlishoff projected that the company will achieve earnings of $4.23 per share for FY2027. Raymond James maintains a “Hold” rating for West Fraser Timber’s stock, which reflects a cautious outlook on its performance.
In contrast, the consensus estimate for West Fraser’s current fiscal year earnings stands at $8.12 per share. This figure indicates that analysts expect a significant difference in earnings between the current year and FY2027.
Additionally, in a separate analysis released on September 10, 2023, CIBC revised its price target for West Fraser Timber shares, lowering it from C$122.00 to C$119.00. CIBC has assigned an “outperform” rating to the stock, suggesting a positive outlook compared to its current price.
Currently, one research analyst has given the stock a Buy rating, while another has assigned a Hold rating. According to data from MarketBeat, West Fraser Timber has a consensus rating of “Moderate Buy” along with a consensus price target of C$119.00.
Stock Performance and Financial Metrics
On Friday, West Fraser Timber’s stock opened at C$93.73. Over the past year, the stock has experienced volatility, with a 52-week low of C$92.48 and a high of C$140.30. Current financial indicators show that the company’s 50-day simple moving average is C$99.20, while its 200-day simple moving average is C$101.07.
The company’s financial health is reflected in its debt-to-equity ratio of 7.39, alongside a current ratio of 1.82 and a quick ratio of 2.10. West Fraser Timber has a market capitalization of C$7.39 billion, a price-to-earnings (P/E) ratio of -58.22, and a beta of 1.67, indicating its stock’s volatility compared to the market.
Company Overview
West Fraser Timber Co. Ltd. operates as a diversified wood products company with over 60 facilities across Canada, the United States, the United Kingdom, and Europe. The company is involved in the production of various wood products, including lumber, engineered wood products such as oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, and particleboard. Additionally, West Fraser Timber produces pulp, newsprint, wood chips, and renewable energy, contributing to its broad portfolio in the wood products industry.
For those interested in following West Fraser Timber’s performance and receiving the latest news and analysts’ ratings, MarketBeat offers a free daily email newsletter summarizing relevant updates in the industry.
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