Buy, Sell or Hold: West Fraser Timber (WFG-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings West Fraser Timber (WFG-T)

TSE:WFG

94.57

3.12 (3.19%) 1d

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Feb 07/23, Down 18.7%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with WFG has triggered its stop at $95. To remain disciplined, we recommend covering the position at this time.

west coast forestry

TOP PICK

Materials sector. Lumber has been in a sideways consolidation, so an entry here is timely. Add towards the bottom of the trading range. Housing market will pick up later this year or early next, and the lumber names should push higher. Relative strength starting to turn up. Yield is 1.55%.

(Analysts’ price target is $139.44)

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

WFG share prices were negatively impacted initially by the announcement of the "indefinite" curtailment of their Florida mill due to lagging lumber demand. The decision is helping to improve earnings and allows management to focus on its key assets. As a result cash reserves are already allowing a sizable buyback of shares. Now analysts expect housing demand for lumber to improve over the balance of the year. It presently trades under book value and under 4x trailing PE. The dividend is backed by a payout ratio under 10% of cash flow. We recommend placing a stop-loss at $95, looking to achieve $140.50 -- upside potential over 20%. Yield 1.6%

(Analysts’ price target is $140.32)

west coast forestry

DON'T BUY

What's wrong with this? US housing has ground to a halt. Lumber prices are way off. China has been shut down, so lumber demand collapsed short-term. He expects interest rates to continue to rise and pressure housing. China is reopening now though. WFG is a highly cyclical and unpredictable stock. Earning can soar and plummet. Buy cyclicals when nobody wants them, and sell when markets peak. Wait until you see where earnings go. Lumber has traditionally had low PE's because it's very hard to forecast earnings.

west coast forestry

BUY

Still extremely cheap, despite the run up last year. Lumber prices are back above $1000 again. Huge cashflow at these prices. Concerns US housing market will slow, but there just isn't enough supply, so demand will persist. No debt, good price momentum and valuation. Can buy here.

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Mar 17/22, Down 11.2%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with WFG has triggered its stop at $108. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 4%, when combined with the previous buy recommendation.

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly We once again reiterate this producer of lumber, pulp and paper with 60 facilities in Canada, the US, United Kingdom and Europe as a TOP PICK. Annual EPS growth has exceeded 50% for the past three years. It trades under 10x earnings and only at 1.7x book. It pays a small dividend, backed by a payout ratio under 10% of cashflow. We recommend maintaining the stop at $108, looking to achieve $149 -- upside potential over 22%. Yield 1.06% (Analysts’ price target is $149.12)

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We again reiterate this producer of lumber, pulp and paper with 60 facilities in Canada, the US, United Kingdom and Europe as a TOP PICK. Recently reported earnings again beat analyst expectations and the latest consensus calls for EPS growth of 15% over the same quarter last year, when it reports mid-month. It trades well under its peers, who are valued at 24x earnings. It pays a small dividend, backed by a payout ratio under 10% of cashflow. We recommend trailing up the stop (from $95) to $108, looking to achieve $149 -- upside potential over 18%. Yield 0.84% (Analysts’ price target is $148.32)

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly WFG (with sales up over 85% on the year and having 60 facilities in Canada, the US, United Kingdom and Europe) is reiterated as a TOP PICK. Recently reported earnings showed YTD EPS over $24 per share, compared to under $4.50 a year ago at this time. It trades well under its peers, who are valued at 9x earnings. It pays a small dividend, backed by a payout ratio of under 10% of cashflow. We recommend trailing up the stop (from $60) to $95, looking to achieve $147 -- upside potential over 32%. Yield 0.9% (Analysts’ price target is $146.40)

west coast forestry

It’s a Buzzing Stocks opinion which is available only for Premium members

It's the review of the most popular stocks on social media. It's posted weekly to give you another view on the trending stocks, so you will not waste your precious time on scrolling social media feeds.

TOP PICK

One of the biggest players in lumber. Paid some extra dividends from the lumber price strength. The biggest and probably safest way to play lumber. Prices are now normalizing. Social media mentions at 1050% over the last 24 hours.

west coast forestry

BUY

The lumber stocks had an incredible run with lumber prices running up. One of the biggest player in lumber. It paid some extra dividends. Lumber prices are now normalizing. Biggest and probably the safest.

west coast forestry

HOLD

Lumber stocks have dropped only 10-15% in the last little bit. Longer term, should benefit from increasing US housing demand. US represents about 65% of its revenue. Concern is tariffs. Valuation is a large discount to historical averages. Hold, and watch your stop losses.

west coast forestry

WATCH

Commodity prices have been so strong and they generated a lot of cash flow. But lumber prices have come off. There could be a leg higher on these names, but you have to see what happens to the commodity price. Watch for another up-leg.

west coast forestry

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With lumber prices up 300% and demand strong for renovations, it is challenging to find an entry into the space at good value. This is the sweet spot for WFG, having 60 facilities in Canada, the US, United Kingdom and Europe. Recently reported sales were up 81%. It trades at 8x earnings, compared to peers over 17x. It pays a small dividend, backed by a payout ratio of under 10% of cashflow. We would buy this with a stop loss at $60, looking to achieve $136 -- upside potential over 38%. Yield 0.82% (Analysts’ price target is $135.70)

west coast forestry

DON'T BUY

Timber has been a great place to be this year. Not sure why it's dropped today. Well run, but an expensive multiple at 3.7x book value. How long will the lumber cycle last? Their cycles tend to be longer than other commodities.

west coast forestry

Showing 1 to 15 of 138 entries

West Fraser Timber(WFG-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for West Fraser Timber is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

West Fraser Timber(WFG-T) Frequently Asked Questions

What is West Fraser Timber stock symbol?

West Fraser Timber is a Canadian stock, trading under the symbol WFG-T on the Toronto Stock Exchange (WFG-CT). It is usually referred to as TSX:WFG or WFG-T

Is West Fraser Timber a buy or a sell?

In the last year, 4 stock analysts published opinions about WFG-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for West Fraser Timber.

Is West Fraser Timber a good investment or a top pick?

West Fraser Timber was recommended as a Top Pick by on . Read the latest stock experts ratings for West Fraser Timber.

Why is West Fraser Timber stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is West Fraser Timber worth watching?

4 stock analysts on Stockchase covered West Fraser Timber In the last year. It is a trending stock that is worth watching.

What is West Fraser Timber stock price?

On 2023-03-23, West Fraser Timber (WFG-T) stock closed at a price of $94.57.

Trending stocks today

West Fraser Timber (WFG-T)

TSE:WFG

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

It’s a Buzzing Stocks opinion which is available only for Premium members

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

This is a Panic-proof Portfolio opinion which is available only for Premium members

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T)

West Fraser Timber(WFG-T) Rating

West Fraser Timber(WFG-T) Frequently Asked Questions

What is West Fraser Timber stock symbol?

Is West Fraser Timber a buy or a sell?

Is West Fraser Timber a good investment or a top pick?

Why is West Fraser Timber stock dropping?

Is West Fraser Timber worth watching?

What is West Fraser Timber stock price?

You may also like:

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Brian Madden

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Michael Sprung

Stockchase Insights