West Fraser Timber

WFG · TORONTO

$69.74+$0.06 (+0.09%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $69.68

WFG analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 7 analysts

Average $60.86 (−12.7% downside)

Low: $49.64
Now: $69.74
High: $67.25

Upgrades and downgrades

The latest rating actions, newest first

WFG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 16, 2026	Maintains	Outperform	$83.00 → $81.00	31%
Raymond James	Sep 15, 2026	Upgrade	Market Perform → Outperform	$75.00 → $85.00	0%
RBC Capital	Jul 17, 2026	Maintains	Outperform	$80.00 → $85.00	31%
TD Cowen	May 1, 2026	Maintains	Buy	$88.00 → $86.00	60%
RBC Capital	May 1, 2026	Maintains	Outperform	$81.00 → $80.00	31%
TD Securities	Oct 24, 2025	Maintains	Buy	$90.00 → $88.00	60%
RBC Capital	Oct 24, 2025	Maintains	Outperform	$92.00 → $91.00	31%

The case for and against

Updated Jan 18, 2025

Bull case

West Fraser Timber's strong balance sheet, characterized by net cash of approximately $6 per share, provides significant financial flexibility, supporting its operational strategies. The company is experiencing improved demand for Southern Yellow Pine (SYP) products and has successfully curtailed production, positioning itself favorably in a market with a historically high SPF/SYP spread. Additionally, the latest results showed a positive trend with Q2 adjusted EBITDA of $272 million, surpassing both BMO's estimate and consensus expectations, along with robust new home sales indicating recovering market dynamics.

Bear case

West Fraser Timber's outlook appears negative due to a projected 7% reduction in southern yellow pine lumber shipments for 2024 and disappointing realized prices that are 4% below expectations. The company experienced significant challenges in Q3, including lower prices and substantial inventory write-downs totaling $21 million, which are expected to impact overall financial performance. Additionally, the lumber markets continue to face extreme challenges, with producers beginning to cut supply in response to ongoing pressures.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.