Weyerhaeuser Price Target Increased to $33.00 by Analysts at DA Davidson (WY)
Stock analysts at DA Davidson increased their price target on shares of Weyerhaeuser (NYSE:WY) from $30.00 to $33.00 in a report issued on Monday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 5.30% from the company’s current price.
WY has been the subject of a number of other recent research reports. Analysts at UBS AG cut their EPS estimates on shares of Weyerhaeuser in a research note on Wednesday. They now have a $24.00 price target on the stock. Analysts at Longbow Research upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. They now have a $34.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.36.
Weyerhaeuser (NYSE:WY) traded down 0.16% during mid-day trading on Monday, hitting $31.34. The stock had a trading volume of 3,988,242 shares. Weyerhaeuser has a one year low of $24.55 and a one year high of $33.24. The stock has a 50-day moving average of $27.80 and a 200-day moving average of $29.50. The company has a market cap of $18.258 billion and a P/E ratio of 27.54.
Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, October 25th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, October 30th.
Weyerhaeuser Company, formerly Weyerhaeuser Timber Company is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.