Weyerhaeuser Given Consensus Recommendation of “Buy” by Analysts (NYSE:WY)
Shares of Weyerhaeuser (NYSE:WY) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $34.50.
Weyerhaeuser (NYSE:WY) traded up 0.48% during mid-day trading on Tuesday, hitting $32.395. The stock had a trading volume of 2,359,692 shares. Weyerhaeuser has a 52-week low of $26.64 and a 52-week high of $33.75. The stock has a 50-day moving average of $31.7 and a 200-day moving average of $30.36. The company has a market cap of $18.951 billion and a price-to-earnings ratio of 32.18. Weyerhaeuser also was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 95,377,078 shares, a growth of 56.4% from the June 13th total of 60,965,631 shares. Based on an average daily volume of 12,349,949 shares, the days-to-cover ratio is currently 7.7 days. Currently, 16.6% of the company’s shares are sold short.
Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, April 25th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Weyerhaeuser will post $1.36 EPS for the current fiscal year.
A number of research firms have recently commented on WY. Analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Monday. They now have a $34.00 price target on the stock.
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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