Weyerhaeuser Company (WY) Downgraded by BMO Capital Markets to “Market Perform”
Weyerhaeuser Company (NYSE:WY) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday. They presently have a $36.00 price target on the real estate investment trust’s stock, up from their prior price target of $28.58. BMO Capital Markets’ price target indicates a potential upside of 11.73% from the stock’s previous close.
WY has been the topic of several other research reports. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $36.58.
Weyerhaeuser (WY) traded up 0.512% on Monday, hitting $32.385. 404,213 shares of the company were exchanged. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 25.460 and a beta of 1.40. The stock has a 50 day moving average of $33.12 and a 200 day moving average of $33.34. Weyerhaeuser has a 52 week low of $28.58 and a 52 week high of $35.50.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. Analysts predict that Weyerhaeuser will post $1.05 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Barnett & Company Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $101,000. First Personal Financial Services boosted its stake 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 period. Dupont Capital Management Corp bought a new position in Weyerhaeuser during the second quarter valued at about $109,000. Alexandria Capital LLC raised its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its position in 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 valued at $139,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.
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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