BidaskClub Lowers Weyerhaeuser Company (WY) to Hold
Weyerhaeuser Company (NYSE:WY) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.
WY has been the subject of a number of other reports. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. reissued a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.00.
Weyerhaeuser (WY) traded down 0.54% during mid-day trading on Friday, hitting $31.11. The company had a trading volume of 1,681,949 shares. The firm has a market cap of $23.42 billion, a P/E ratio of 24.46 and a beta of 1.40. The stock’s 50 day moving average price is $32.93 and its 200 day moving average price is $33.35. Weyerhaeuser has a 52-week low of $28.58 and a 52-week high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser will post $1.05 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in WY. Barnett & Company Inc. purchased a new stake in shares of Weyerhaeuser during the second quarter valued at about $101,000. First Personal Financial Services raised 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 valued at $109,000 after buying an additional 1,520 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Weyerhaeuser during the second quarter valued at about $109,000. Alexandria Capital LLC raised its stake 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 valued at $117,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its stake 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 valued at $139,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.
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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