Scotiabank analyst Benoit Laprade maintained a Buy rating on West Fraser Timber Co (NYSE:WFG) on Friday, setting a price target of C$137, which is approximately 40.98% above the present share price of $77.38.
Laprade expects West Fraser Timber Co to post earnings per share (EPS) of $12.32 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in West Fraser Timber Co, with an average price target of $111.16.
The analysts price targets range from a high of $125 to a low of $95.56.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.78 billion and a net profit of $1.99 billion. The company's market cap is $8.39 billion.
According to TipRanks.com, Scotiabank analyst Benoit Laprade is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.3% and a 65.55% success rate.
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 firm operates through the following segments: Lumber, Panels, Pulp and Paper, and Intracompany Fibre Sales. The company was founded by Henry Holman Ketcham Jr., Samuel Kendall Ketcham, and William Peters Ketcham in 1955 and is headquartered in Vancouver, Canada.