TD Securities Has Lowered Expectations for Western Forest Products (TSE:WEF) Stock Price

Western Forest Products (TSE:WEF) had its target price trimmed by TD Securities from C$0.55 to C$0.50 in a research report sent to investors on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other analysts also recently issued reports on the stock. CIBC cut their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th. Royal Bank of Canada reduced their price objective on Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th.

Western Forest Products Stock Performance

Shares of TSE WEF opened at C$0.45 on Friday. Western Forest Products has a 52-week low of C$0.41 and a 52-week high of C$0.77. The stock has a market capitalization of C$140.95 million, a price-to-earnings ratio of -3.18, a PEG ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43. The stock’s fifty day simple moving average is C$0.49 and its 200 day simple moving average is C$0.48.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The firm had revenue of C$241.70 million for the quarter, compared to analysts’ expectations of C$242.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. As a group, sell-side analysts forecast that Western Forest Products will post 0.004992 earnings per share for the current fiscal year.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.