DA Davidson upgraded shares of Weyerhaeuser (NYSE:WY) from a neutral rating to a buy rating in a research note published on Monday morning, MarketBeat.com reports. They currently have $35.00 target price on the real estate investment trust’s stock, down from their previous target price of $37.50. DA Davidson also issued estimates for Weyerhaeuser’s Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $1.01 EPS.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Weyerhaeuser from a buy rating to a hold rating in a research report on Thursday, August 2nd. ValuEngine cut Weyerhaeuser from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Vertical Research raised Weyerhaeuser from a hold rating to a buy rating in a research report on Wednesday, October 24th. Finally, Citigroup cut their target price on Weyerhaeuser from $42.00 to $35.00 and set a buy rating on the stock in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of Buy and an average price target of $35.83.
NYSE WY opened at $27.22 on Monday. The company 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 has a 52 week low of $25.75 and a 52 week high of $38.39. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities analysts anticipate that Weyerhaeuser will post 1.39 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in WY. Renaissance Technologies LLC purchased a new position in Weyerhaeuser in the second quarter worth $82,829,000. BlackRock Inc. boosted its position in Weyerhaeuser by 2.4% in the second quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock worth $1,886,914,000 after purchasing an additional 1,220,115 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in Weyerhaeuser in the second quarter worth $39,730,000. Schwab Charles Investment Management Inc. boosted its position in Weyerhaeuser by 40.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,745,181 shares of the real estate investment trust’s stock worth $136,550,000 after purchasing an additional 1,085,567 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Weyerhaeuser by 2,860.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 930,847 shares of the real estate investment trust’s stock worth $33,939,000 after purchasing an additional 899,400 shares during the last quarter. 76.31% of the stock is currently owned by institutional investors.
Weyerhaeuser Company Profile
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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