Weyerhaeuser Receives Average Rating of “Buy” from Analysts (NYSE:WY)
Weyerhaeuser (NYSE:WY) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.64.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Weyerhaeuser from $36.00 to $39.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research raised their price target on shares of Weyerhaeuser from $35.00 to $39.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, 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.
Shares of Weyerhaeuser (NYSE:WY) traded up 0.60% on Monday, hitting $34.485. 245,561 shares of the company’s stock traded hands. Weyerhaeuser has a one year low of $26.91 and a one year high of $34.42. The stock’s 50-day moving average is $32.47 and its 200-day moving average is $30.70. The company has a market cap of $18.219 billion and a P/E ratio of 30.23.
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. 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, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, August 27th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.22.
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.