According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best wood stocks to buy right now are:
1. Simpson Manufacturing Co (NYSE:SSD)
The Component Grade breakdown for Simpson Manufacturing Co (NYSE:SSD) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: B.
Simpson Manufacturing Co (NYSE:SSD) has a Due Diligence Score of 36, which is 9 points higher than the lumber industry average of 27.
SSD passed 15 out of 38 due diligence checks and has average fundamentals. Simpson Manufacturing Co has seen its stock lose -20.43% over the past year, underperforming other lumber stocks by -3 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $188.50, an upside of 18.54% from Simpson Manufacturing Co's current stock price of $159.02.
Simpson Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Simpson Manufacturing Co, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Ufp Industries (NASDAQ:UFPI)
The Component Grade breakdown for Ufp Industries (NASDAQ:UFPI) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.
Ufp Industries (NASDAQ:UFPI) has a Due Diligence Score of 46, which is 19 points higher than the lumber industry average of 27.
UFPI passed 16 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock lose -6.49% over the past year, overperforming other lumber stocks by 11 percentage points.
Ufp Industries has an average 1 year
price target of $145.00, an upside of 31.52% from Ufp Industries's current stock price of $110.25.
Ufp Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ufp Industries, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. West Fraser Timber Co (NYSE:WFG)
The Component Grade breakdown for West Fraser Timber Co (NYSE:WFG) is: Value: C, Growth: C, Momentum: C, Sentiment: D, Safety: C, Financials: C, and AI: C.
West Fraser Timber Co (NYSE:WFG) has a Due Diligence Score of 25, which is -2 points lower than the lumber industry average of 27.
WFG passed 9 out of 38 due diligence checks and has weak fundamentals. West Fraser Timber Co has seen its stock lose -11.98% over the past year, overperforming other lumber stocks by 5 percentage points.
West Fraser Timber Co has an average 1 year
price target of $107.50, an upside of 39.9% from West Fraser Timber Co's current stock price of $76.84.
West Fraser Timber Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering West Fraser Timber 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.