West Fraser Timber Co., Ltd [NYSE: WFG] loss -0.30% on the last trading session, reaching $98.17 price per share at the time.
If compared to the average trading volume of 142.69K shares, WFG reached a trading volume of 131707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about West Fraser Timber Co., Ltd [WFG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WFG shares is $119.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WFG stock is a recommendation set at 1.62. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for West Fraser Timber Co., Ltd shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 24, 2023. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $100 to $95. The new note on the price target was released on January 24, 2023, representing the official price target for West Fraser Timber Co., Ltd stock. Previously, the target price had yet another raise to $100, while Credit Suisse analysts kept a Neutral rating on WFG stock. On June 23, 2022, analysts decreased their price target for WFG shares from 120 to 105.
The Average True Range (ATR) for West Fraser Timber Co., Ltd is set at 2.71, with the Price to Sales ratio for WFG stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 12.42. Price to Free Cash Flow for WFG in the course of the last twelve months was 69.03 with Quick ratio for the last quarter at 1.17.
Trading performance analysis for WFG stock
West Fraser Timber Co., Ltd [WFG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.08. With this latest performance, WFG shares gained by 4.85% in over the last four-week period, additionally plugging by 25.20% over the last 6 months – not to mention a rise of 30.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WFG stock in for the last two-week period is set at 60.32, with the RSI for the last a single of trading hit 64.45, and the three-weeks RSI is set at 58.09 for West Fraser Timber Co., Ltd [WFG]. The present Moving Average for the last 50 days of trading for this stock 95.58, while it was recorded at 97.21 for the last single week of trading, and 85.17 for the last 200 days.
West Fraser Timber Co., Ltd [WFG]: A deeper dive into fundamental analysis
West Fraser Timber Co., Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.82.
West Fraser Timber Co., Ltd [WFG]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for West Fraser Timber Co., Ltd go to 28.83%.
An analysis of Institutional ownership at West Fraser Timber Co., Ltd [WFG]
There are presently around $47.39%, or 71.51%% of WFG stock, in the hands of institutional investors. The top three institutional holders of WFG stocks are: ROYAL BANK OF CANADA with ownership of 3.07 million shares, which is approximately 3.7531%. VANGUARD GROUP INC, holding 2.81 million shares of the stock with an approximate value of $$215.84 million in WFG stocks shares; and VANGUARD GROUP INC, currently with $$208.74 million in WFG stock with ownership which is approximately 3.3275%.
