Weyerhaeuser Co (NYSE:WY) has been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.75.
A number of research firms have commented on WY. BMO Capital Markets cut their price target on shares of Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, August 3rd. Citigroup cut their price target on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Finally, Raymond James cut their price target on shares of Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, October 29th.
A number of hedge funds have recently added to or reduced their stakes in WY. Interactive Financial Advisors boosted its stake in shares of 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 in the last quarter. Citizens Financial Group Inc RI boosted its stake in shares of Weyerhaeuser by 162.1% in the 3rd quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,036 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at $113,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at $129,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Weyerhaeuser in the 2nd quarter valued at $136,000. 76.31% of the stock is owned by institutional investors and hedge funds.
WY stock opened at $27.53 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. Weyerhaeuser has a one year low of $25.75 and a one year high of $38.39. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 4.54 and a beta of 1.48.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 EPS 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 company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the firm earned $0.34 EPS. Weyerhaeuser’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Weyerhaeuser will post 1.21 earnings per share for the current fiscal year.
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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