Trending stocks today
West Fraser Timber (WFG-T)
TSE:WFG
118.89
0.47
(0.40%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Related posts
Markets fails to reboundStocks climb ahead of Fed announcementMarkets hit 52-week highsThis summary was created by AI, based on 5 opinions in the last 12 months.
Experts are generally optimistic about West Fraser Timber (WFG-T) in the long term, particularly as it is trading at a reasonable valuation and has a strong balance sheet. The company's performance heavily depends on lumber prices and the housing sector's recovery. There is a consensus that the stock is worth considering over the next few years despite seasonal fluctuations and the impact of the pandemic on the renovation market.
$110.250
Unknown
Shows the struggles in forestry and wood products. Now in the part of the cycle of reducing capacity. US market is what will drive the upside, but rebound could be 3 months or 2 years away. You could start looking at it.
Lots of upside. Wonderful balance sheet. Commodities are a good place at this part of the cycle. Earnings revisions are going up. End of 2024/start of 2025 should do well. Stock's gone nowhere for a while, an opportunity. Great management and assets.
Seasonality component akin to home building sector. Not a good time from a seasonality perspective to own stock. Would wait to buy in the spring. Trading at 1x book value which is good. Would wait for further weakness in share price before buying.
A name to consider over the next 3-5 years. Overall, an interesting place to be looking, though stocks have been hit so much since the pandemic heyday. Governments are pushing new home builds, and that should help prop up the market. The renovation market will be impeded by people's ability to spend.
Depends on the price of timber which soared during Covid, then plunged, but is now reasonable. WFG will benefit if there's a housing boom. Don't trade this, but buy and hold it.
WFG’s operating results heavily depend on lumber prices, of course, but the housing sector seems to be recovering and if interest rates peak the sector could do well. WFG is now trading at only 0.9x times' Price/Book. Lumber prices have gone down substantially from the peak in COVID due to a supply and demand mismatch. The company's balance sheet is strong, with net cash of $460M. The company has been repurchasing shares aggressively, which we like. WFG is quite cheap, considering a possible recovery for lumber going forward. The company remains our favourite in the sector, and is well-managed. Interest rates and the N. American economy overall remain the key influences. We would be comfortable starting a position.
Unlock Premium - Try 5i Free
Still likes it a lot. It's spent a year in a sideways trading range.
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)
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 Fraser Timber(WFG-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
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, 5 stock analysts published opinions about WFG-T. 5 analysts recommended to BUY the stock. 0 analysts 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?
5 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 2024-09-09, West Fraser Timber (WFG-T) stock closed at a price of $118.89.
TOL is one of the biggest homebuilders in the US, and a leading indicator. When it starts to go, as it has in the last few days, it's usually good for the lumber stocks.