Weyerhaeuser Stock Rating Reaffirmed by UBS AG (WY)
Weyerhaeuser (NYSE:WY)‘s stock had its “sell” rating restated by stock analysts at UBS AG in a report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $26.00 price objective on the stock. UBS AG’s target price indicates a potential downside of 12.78% from the company’s current price.
Weyerhaeuser (NYSE:WY) traded up 0.98% on Monday, hitting $29.81. The stock had a trading volume of 3,843,419 shares. Weyerhaeuser has a one year low of $26.38 and a one year high of $33.24. The stock has a 50-day moving average of $29.01 and a 200-day moving average of $29.86. The company has a market cap of $17.404 billion and a price-to-earnings ratio of 31.07.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $1.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, May 7th.
WY has been the subject of a number of other recent research reports. Analysts at Ned Davis Research downgraded shares of Weyerhaeuser from a “neutral” rating to a “sell” rating in a research note on Monday, February 10th. Analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, February 7th. They now have a $31.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser has a consensus rating of “Buy” and an average target price of $32.58.
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.
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