According to Zen Score, the 3 best wood stocks to buy right now are:
1. Ufp Industries (NASDAQ:UFPI)
Ufp Industries (NASDAQ:UFPI) is the top lumber stock with a Zen Score of 53, which is 27 points higher than the lumber industry average of 26. It passed 20 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 58.35% over the past year, overperforming other lumber stocks by 12 percentage points.
Ufp Industries has an average 1 year
price target of $117.50, a downside of -4.48% from Ufp Industries's current stock price of $123.01.
Ufp Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Ufp Industries, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Simpson Manufacturing Co (NYSE:SSD)
Simpson Manufacturing Co (NYSE:SSD) is the second best lumber stock with a Zen Score of 41, which is 15 points higher than the lumber industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Simpson Manufacturing Co has seen its stock return 95.39% over the past year, overperforming other lumber stocks by 49 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $205.00, a downside of -0.09% from Simpson Manufacturing Co's current stock price of $205.18.
Simpson Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Simpson Manufacturing Co, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Jewett Cameron Trading Co (NASDAQ:JCTCF)
Jewett Cameron Trading Co (NASDAQ:JCTCF) is the third best lumber stock with a Zen Score of 29, which is 3 points higher than the lumber industry average of 26. It passed 8 out of 33 due diligence checks and has average fundamentals. Jewett Cameron Trading Co has seen its stock lose -2.41% over the past year, underperforming other lumber stocks by -49 percentage points.