According to Due Diligence 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 Due Diligence Score of 49, which is 19 points higher than the lumber industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock lose -0.51% over the past year, overperforming other lumber stocks by 6 percentage points.
Ufp Industries has an average 1 year
price target of $155.00, an upside of 35.64% from Ufp Industries's current stock price of $114.27.
Ufp Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ufp Industries, 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.
2. Simpson Manufacturing Co (NYSE:SSD)
Simpson Manufacturing Co (NYSE:SSD) is the second best lumber stock with a Due Diligence Score of 46, which is 16 points higher than the lumber industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Simpson Manufacturing Co has seen its stock lose -9.89% over the past year, underperforming other lumber stocks by -3 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $192.00, an upside of 14.55% from Simpson Manufacturing Co's current stock price of $167.61.
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. West Fraser Timber Co (NYSE:WFG)
West Fraser Timber Co (NYSE:WFG) is the third best lumber stock with a Due Diligence Score of 25, which is -5 points lower than the lumber industry average of 30. It passed 9 out of 38 due diligence checks and has weak fundamentals. West Fraser Timber Co has seen its stock return 4.88% over the past year, overperforming other lumber stocks by 12 percentage points.
West Fraser Timber Co has an average 1 year
price target of $112.00, an upside of 38.99% from West Fraser Timber Co's current stock price of $80.58.
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.