Weyerhaeuser (WY) PT Lowered to $33.00 at BMO Capital Markets

Weyerhaeuser (NYSE:WY) had its price target decreased by BMO Capital Markets from $36.00 to $33.00 in a research note released on Tuesday morning. BMO Capital Markets currently has a market perform rating on the real estate investment trust’s stock.

WY has been the topic of a number of other reports. Zacks Investment Research raised Weyerhaeuser from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Friday, August 3rd. Raymond James lowered their target price on Weyerhaeuser from $41.00 to $36.00 and set a buy rating on the stock in a report on Monday. DA Davidson raised Weyerhaeuser from a neutral rating to a buy rating and lowered their target price for the company from $37.50 to $35.00 in a report on Monday. Citigroup decreased their price objective on Weyerhaeuser from $42.00 to $35.00 and set a buy rating on the stock in a report on Thursday, October 25th. Finally, Vertical Research raised Weyerhaeuser from a hold rating to a buy rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $35.83.

WY opened at $27.22 on Tuesday. Weyerhaeuser has a fifty-two week low of $25.75 and a fifty-two week high of $38.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. The stock has a market cap of $19.65 billion, a PE ratio of 23.67, a PEG ratio of 3.79 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 1.21 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in Weyerhaeuser by 10.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 16,426 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 1,507 shares during the last quarter. Uncommon Cents Investing LLC raised its position in Weyerhaeuser by 1.4% in the 3rd quarter. Uncommon Cents Investing LLC now owns 120,566 shares of the real estate investment trust’s stock valued at $3,891,000 after purchasing an additional 1,647 shares during the last quarter. Interactive Financial Advisors raised its position in Weyerhaeuser by 145.1% in the 2nd quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 1,714 shares during the last quarter. Tyers Asset Management LLC raised its position in Weyerhaeuser by 9.2% in the 2nd quarter. Tyers Asset Management LLC now owns 21,054 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 1,782 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Weyerhaeuser by 0.8% in the 2nd quarter. State Treasurer State of Michigan now owns 224,161 shares of the real estate investment trust’s stock valued at $8,173,000 after purchasing an additional 1,800 shares during the last quarter. 76.31% of the stock is currently owned by institutional investors and hedge funds.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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