Weyerhaeuser (NYSE:WY) Stock Price Expected to Rise, CIBC Analyst Says

Weyerhaeuser (NYSE:WY) had its price objective raised by investment analysts at CIBC from $27.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperformer” rating on the real estate investment trust’s stock. CIBC’s target price suggests a potential upside of 19.66% from the stock’s previous close.

Other analysts also recently issued reports about the company. New Street Research set a $28.00 price target on Weyerhaeuser in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Bank of America reissued a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Royal Bank Of Canada decreased their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Citigroup dropped their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Weyerhaeuser Stock Up 0.9%

WY opened at $23.40 on Friday. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The firm has a market capitalization of $16.87 billion, a P/E ratio of 52.00, a PEG ratio of 122.49 and a beta of 1.08. The company’s 50-day moving average is $22.88 and its 200 day moving average is $24.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Several large investors have recently modified their holdings of the business. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser during the first quarter worth about $29,000. Hantz Financial Services Inc. raised its holdings in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares during the last quarter. Cromwell Holdings LLC lifted its position in Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its stake in Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.