Credit Suisse analyst Andrew Kuske maintained a Buy rating on West Fraser Timber Co (WFG – Research Report) yesterday and set a price target of $108.50. The company’s shares closed yesterday at $72.05.
Kuske covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Renewable Partners, and Fortis. According to TipRanks, Kuske has an average return of 3.1% and a 51.74% success rate on recommended stocks.
West Fraser Timber Co has an analyst consensus of Strong Buy, with a price target consensus of $104.64.
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Based on West Fraser Timber Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.61 billion and a GAAP net loss of $130 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $1.19 billion
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WFG in relation to earlier this year.
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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.
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