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: C.
Simpson Manufacturing Co (NYSE:SSD) has a Due Diligence Score of 39, which is 13 points higher than the lumber industry average of 26.
SSD passed 14 out of 38 due diligence checks and has average fundamentals. Simpson Manufacturing Co has seen its stock return 22.44% over the past year, overperforming other lumber stocks by 18 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $214.75, an upside of 13.8% from Simpson Manufacturing Co's current stock price of $188.70.
Simpson Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Simpson Manufacturing Co, 25% have issued a Strong Buy rating, 25% 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: F, Momentum: C, Sentiment: F, Safety: C, Financials: B, and AI: C.
Ufp Industries (NASDAQ:UFPI) has a Due Diligence Score of 40, which is 14 points higher than the lumber industry average of 26.
UFPI passed 14 out of 38 due diligence checks and has average fundamentals. Ufp Industries has seen its stock lose -7.31% over the past year, underperforming other lumber stocks by -12 percentage points.
Ufp Industries has an average 1 year
price target of $109.00, an upside of 17.28% from Ufp Industries's current stock price of $92.94.
Ufp Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 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.
3. West Fraser Timber Co (NYSE:WFG)
The Component Grade breakdown for West Fraser Timber Co (NYSE:WFG) is: Value: D, Growth: D, Momentum: C, Sentiment: F, Safety: C, Financials: D, and AI: C.
West Fraser Timber Co (NYSE:WFG) has a Due Diligence Score of 25, which is -1 points lower than the lumber industry average of 26.
WFG passed 8 out of 38 due diligence checks and has weak fundamentals. West Fraser Timber Co has seen its stock lose -13.88% over the past year, underperforming other lumber stocks by -18 percentage points.