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 46, which is 14 points higher than the lumber industry average of 32.
SSD passed 17 out of 38 due diligence checks and has strong fundamentals. Simpson Manufacturing Co has seen its stock lose -20% over the past year, underperforming other lumber stocks by -4 percentage points.
Simpson Manufacturing Co has an average 1 year
price target of $188.50, an upside of 27.28% from Simpson Manufacturing Co's current stock price of $148.10.
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: D, Safety: C, Financials: B, and AI: C.
Ufp Industries (NASDAQ:UFPI) has a Due Diligence Score of 51, which is 19 points higher than the lumber industry average of 32.
UFPI passed 18 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock lose -5.78% over the past year, overperforming other lumber stocks by 10 percentage points.
Ufp Industries has an average 1 year
price target of $135.00, an upside of 27.27% from Ufp Industries's current stock price of $106.07.
Ufp Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ufp Industries, 100% have issued a Strong Buy rating, 0% 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 37, which is 5 points higher than the lumber industry average of 32.
WFG passed 14 out of 38 due diligence checks and has average fundamentals. West Fraser Timber Co has seen its stock lose -4.93% over the past year, overperforming other lumber stocks by 11 percentage points.
West Fraser Timber Co has an average 1 year
price target of $100.00, an upside of 34.14% from West Fraser Timber Co's current stock price of $74.55.
West Fraser Timber Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.