A share of West Fraser Timber Co. Ltd. (NYSE:WFG) closed at $75.19 per share on Wednesday, down from $77.24 day before. While West Fraser Timber Co. Ltd. has underperformed by -2.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WFG fell by -4.03%, with highs and lows ranging from $102.96 to $71.35, whereas the simple moving average fell by -15.59% in the last 200 days.
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On June 23, 2022, TD Securities Reiterated West Fraser Timber Co. Ltd. (NYSE: WFG) to Buy. A report published by CIBC on January 10, 2022, Upgraded its rating to ‘Sector Outperform’ for WFG.
Analysis of West Fraser Timber Co. Ltd. (WFG)
It’s important to note that WFG shareholders are currently getting $1.57 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -23.60%, showing a negative trend in the upcoming months.
West Fraser Timber Co. Ltd.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 33.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and WFG is registering an average volume of 322.87K. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 4.17%, with a loss of -11.89% over the past seven days. Furthermore, long-term investors anticipate a median target price of $115.00, showing growth from the present price of $75.19, which can serve as yet another indication of whether WFG is worth investing in or should be passed over.
How Do You Analyze West Fraser Timber Co. Ltd. Shares?
A giant in the Lumber & Wood Production market, West Fraser Timber Co. Ltd. (WFG) is based in the Canada. When comparing West Fraser Timber Co. Ltd. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 2.24, there is a growth in quarterly earnings of -38.40%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 30.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WFG shares are owned by institutional investors to the tune of 64.67% at present.