West Fraser Timber Stock Rises To Near-Best 97 Composite Rating; Recently Hit New High

With the housing market rising and home furnishing sales strong, lumber companies are scoring big gains. Top ranked West Fraser Timber stock has performed well, although it’s down a bit from a recent all-time high. On Thursday, the IBD SmartSelect Composite Rating for West Fraser Timber (WFG) climbed to a near-best 97, up from 92 the day before.


The new score indicates West Fraser Timber stock is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

In Q1, the company reported 1,833% EPS growth. Revenue grew 163%, up from 50% growth in the prior quarter. The company has now posted accelerating growth in each of the last four reports. Last quarter, the Vancouver, B.C.-based company reported $6.96 EPS on $2.34 billion revenue.

West Fraser Timber stock earns the No. 1 rank among its peers in the Building-Wood Products industry group. Louisiana Pacific (LPX) and UFP Industries (UFPI) are also among the group’s highest-rated stocks.

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One weak spot is West Fraser Timbers stock’s 74 EPS Rating, which tracks quarterly and annual earnings-per-share growth. That’s primarily due to weak profits in past year. Over the last four quarters its EPS has risen 552%, then more than 1,000% the next two periods. Look for that rating to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

West Fraser Timber stock hit an all-time high 91.53 on May 10 before consolidating. It dropped to a 67.08 low on June 18 before rising again. On Thursday afternoon it was trading at 74.18, just below its 50-day line. See if the stock goes on to form a new base and offer a fresh buying opportunity.


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