Scotiabank Sticks to Its Buy Rating for West Fraser Timber Co (WFG)

Scotiabank analyst Ben Isaacson maintained a Buy rating on West Fraser Timber Co today and set a price target of $100.00. The company’s shares closed last Friday at $72.17.

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According to TipRanks, Isaacson is a 4-star analyst with an average return of 5.5% and a 46.63% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Mosaic Co, and Cf Industries Holdings.

In addition to Scotiabank, West Fraser Timber Co also received a Buy from RBC Capital’s Michael Harvey in a report issued on July 25. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on West Fraser Timber Co (NYSE: WFG).

Based on West Fraser Timber Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.46 billion and a net profit of $42 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $35 million