Share on StockTwits

Analysts at Longbow Research boosted their target price on shares of Weyerhaeuser (NYSE:WY) from $35.00 to $39.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Longbow Research’s price target would indicate a potential upside of 20.59% from the stock’s previous close.

Shares of Weyerhaeuser (NYSE:WY) traded up 1.61% on Thursday, hitting $32.86. The stock had a trading volume of 1,232,919 shares. Weyerhaeuser has a 52-week low of $26.64 and a 52-week high of $33.75. The stock’s 50-day moving average is $32. and its 200-day moving average is $30.52. The company has a market cap of $17.360 billion and a price-to-earnings ratio of 28.52. Weyerhaeuser also was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 25,196,997 shares, a drop of 69.2% from the July 15th total of 81,719,472 shares. Based on an average daily volume of 4,538,444 shares, the short-interest ratio is presently 5.6 days. Currently, 4.4% of the shares of the stock are sold short.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.08. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Weyerhaeuser will post $1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%.

A number of other firms have also recently commented on WY. Analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Thursday, August 7th. They now have a $33.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Weyerhaeuser from $36.00 to $37.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Monday, August 4th. They now have a $37.00 price target on the stock, up previously from $33.00. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.25.

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.