West Fraser Timber (NYSE:WFG) Earns Market Perform Rating from Raymond James Financial\n\nRaymond James Financial reaffirmed their market perform rating on shares of West Fraser Timber ( - ) in a report published on Monday, reports. Get **West Fraser Timber** alerts: Sign Up Several other research analysts have also weighed in on WFG. TD Securities lowered their price objective on West Fraser Timber from $99.00 to $98.00 and set a \"buy\" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada decreased their price target on shares of West Fraser Timber from $117.00 to $99.00 and set an \"outperform\" rating for the company in a research report on Tuesday, April 22nd. Finally, downgraded West Fraser Timber from a \"hold\" rating to a \"sell\" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of \"Moderate Buy\" and an average target price of $100.40. West Fraser Timber Trading Down 2.0% traded down $1.46 on Monday, reaching $72.58. The stock had a trading volume of 620,407 shares, compared to its average volume of 175,186. The business's 50-day moving average price is $74.73 and its two-hundred day moving average price is $77.88. The company has a market cap of $5.57 billion, a P/E ratio of -426.91 and a beta of 1.15. West Fraser Timber has a 12-month low of $69.48 and a 12-month high of $102.40. West Fraser Timber ( - ) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a net margin of 0.03% and a return on equity of 0.99%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, analysts predict that West Fraser Timber will post 4.45 earnings per share for the current year. West Fraser Timber Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Thursday, June 26th were paid a $0.32 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.28 annualized dividend and a yield of 1.76%. West Fraser Timber's dividend payout ratio is currently -752.94%. Hedge Funds Weigh In On West Fraser Timber Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in West Fraser Timber in the 2nd quarter valued at about $27,000. Union Bancaire Privee UBP SA grew its holdings in West Fraser Timber by 3.6% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 11,373 shares of the company's stock valued at $844,000 after buying an additional 398 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of West Fraser Timber by 265.1% in the second quarter. Parallel Advisors LLC now owns 398 shares of the company's stock valued at $29,000 after acquiring an additional 289 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of West Fraser Timber by 3.0% during the first quarter. Goldman Sachs Group Inc. now owns 230,878 shares of the company's stock valued at $17,764,000 after acquiring an additional 6,640 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in West Fraser Timber by 42,553.8% in the 1st quarter. Jones Financial Companies Lllp now owns 22,180 shares of the company's stock valued at $1,707,000 after purchasing an additional 22,128 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock. About West Fraser Timber () 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.

West Fraser Timber (NYSE:WFG) Receives Market Perform Rating from Raymond James Financial

Raymond James Financial reaffirmed a 'market perform' rating for West Fraser Timber (WFG), while other analysts adjusted their price targets and ratings. The stock fell 2.0% to $72.58, with a market cap of $5.57 billion and a P/E ratio of -426.91. The company reported Q1 earnings of $0.46 EPS, missing estimates, and announced a $0.32 quarterly dividend. Hedge funds like Ameritas Advisory Services LLC and Goldman Sachs adjusted their stakes in the company.