Weyerhaeuser Co (WY) Receives $35.60 Consensus Price Target from Brokerages

Shares of Weyerhaeuser Co (NYSE:WY) have received an average recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $34.75.

WY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, August 3rd. Raymond James decreased their target price on shares of Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, October 29th. DA Davidson raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their target price for the company from $37.50 to $35.00 in a research note on Monday, October 29th. Citigroup decreased their target price on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Finally, Vertical Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.

WY traded down $0.26 on Thursday, hitting $27.25. The company had a trading volume of 3,237,361 shares, compared to its average volume of 4,217,918. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. Weyerhaeuser has a 52-week low of $25.75 and a 52-week high of $38.39. The firm has a market capitalization of $20.37 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.48 and a beta of 1.48.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Weyerhaeuser will post 1.21 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in WY. Dimensional Fund Advisors LP increased its position in shares of Weyerhaeuser by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 334,728 shares of the real estate investment trust’s stock valued at $11,716,000 after acquiring an additional 5,417 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Weyerhaeuser by 8.8% during the first quarter. Principal Financial Group Inc. now owns 4,958,363 shares of the real estate investment trust’s stock valued at $173,543,000 after acquiring an additional 401,218 shares in the last quarter. DnB Asset Management AS increased its position in shares of Weyerhaeuser by 12.2% during the second quarter. DnB Asset Management AS now owns 93,799 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 10,200 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $2,976,000. Finally, IFM Investors Pty Ltd increased its position in shares of Weyerhaeuser by 42.3% during the second quarter. IFM Investors Pty Ltd now owns 33,774 shares of the real estate investment trust’s stock valued at $1,231,000 after acquiring an additional 10,039 shares in the last quarter. 77.02% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

Featured Story: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply