In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on West Fraser Timber Co (WFG – Research Report), with a price target of $100.00. The company’s shares closed last Friday at $78.67.
According to TipRanks, Isaacson is a 4-star analyst with an average return of 8.0% and a 47.11% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Sociedad Quimica Y Minera SA, and West Fraser Timber Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for West Fraser Timber Co with a $99.86 average price target, representing a 26.94% upside. In a report released on April 25, CIBC also reiterated a Buy rating on the stock with a C$140.00 price target.
Based on West Fraser Timber Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.51 billion and a GAAP net loss of $157 million. In comparison, last year the company earned a revenue of $1.62 billion and had a GAAP net loss of $80 million
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West Fraser Timber Co (WFG) Company Description:
West Fraser Timber Co. Ltd. is an integrated wood products company. Its products include lumber, wood chips, plywood, pulp and newsprint. Its products include Spruce-Pine-Fir, laminated veneer, and southern yellow pine lumber, medium density fiberboard, plywood, treated wood, pulp and paper. The firm operates through the following segments: Lumber, Panels, Pulp and Paper, and Intracompany Fibre Sales. The company was founded by Henry Holman Ketcham Jr., Samuel Kendall Ketcham, and William Peters Ketcham in 1955 and is headquartered in Vancouver, Canada.
