Weyerhaeuser Company (WY) Given Consensus Rating of “Buy” by Brokerages
Weyerhaeuser Company (NYSE:WY) has received an average rating of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.50.
WY has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 12th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Weyerhaeuser in a report on Tuesday, April 18th. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barnett & Company Inc. bought a new position in shares of Weyerhaeuser during the second quarter worth approximately $101,000. First Personal Financial Services increased its position in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Weyerhaeuser during the second quarter worth approximately $109,000. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Shares of Weyerhaeuser (NYSE:WY) traded down 0.79% during trading on Tuesday, hitting $32.46. 1,870,234 shares of the stock were exchanged. The stock has a market cap of $24.44 billion, a PE ratio of 25.52 and a beta of 1.40. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The stock’s 50 day moving average price is $33.33 and its 200 day moving average price is $33.27.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts predict that Weyerhaeuser will post $1.04 EPS for the current year.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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