CanWel Building Materials Group Ltd (TSE:CWX) – Equities research analysts at Raymond James cut their FY2019 EPS estimates for CanWel Building Materials Group in a report released on Tuesday, December 3rd. Raymond James analyst S. Hansen now anticipates that the company will earn $0.18 per share for the year, down from their prior estimate of $0.19. Raymond James has a “Outperform” rating and a $6.00 price objective on the stock. Raymond James also issued estimates for CanWel Building Materials Group’s Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at $0.34 EPS.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity decreased their target price on CanWel Building Materials Group from C$4.25 to C$4.00 in a report on Tuesday, August 6th. National Bank Financial dropped their price target on CanWel Building Materials Group from C$4.50 to C$3.75 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, CIBC boosted their price objective on CanWel Building Materials Group from C$4.50 to C$5.00 in a report on Tuesday, November 12th.
In other news, Director Sam Fleiser acquired 10,000 shares of the stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of C$5.15 per share, for a total transaction of C$51,500.00. Following the transaction, the director now owns 24,675 shares in the company, valued at approximately C$127,076.25.
About CanWel Building Materials Group
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.
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