West Fraser Timber (WFT), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Daryl Swetlishoff from Raymond James remains bullish on the stock and has a C$80 price target.
According to TipRanks.com, Swetlishoff is ranked #5181 out of 5242 analysts.
West Fraser Timber has an analyst consensus of Strong Buy, with a price target consensus of C$76.67, implying a 39.4% upside from current levels. In a report issued on July 9, RBC Capital also maintained a Buy rating on the stock with a C$77 price target.
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Based on West Fraser Timber’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.24 billion and GAAP net loss of C$5 million. In comparison, last year the company earned revenue of C$1.83 billion and had a net profit of C$346 million.
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 company’s shares closed on Friday at C$55.01, close to its 52-week low of C$52.01.
