Weyerhaeuser (NYSE:WY) Price Target Cut to $41.00 by Analysts at The Goldman Sachs Group

Weyerhaeuser (NYSE:WYGet Rating) had its target price lowered by equities research analysts at The Goldman Sachs Group from $49.00 to $41.00 in a report released on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 23.75% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research note on Monday, May 2nd. StockNews.com lowered shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $43.50.

Weyerhaeuser stock traded down $0.13 during midday trading on Thursday, reaching $33.13. 47,762 shares of the company’s stock were exchanged, compared to its average volume of 5,035,227. The stock’s 50-day simple moving average is $38.57 and its 200 day simple moving average is $39.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 9.22 and a beta of 1.48. Weyerhaeuser has a 52 week low of $32.58 and a 52 week high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. Research analysts forecast that Weyerhaeuser will post 3.2 earnings per share for the current year.

In related news, Director Albert Monaco bought 3,000 shares of Weyerhaeuser stock in a transaction dated Tuesday, June 7th. The stock was purchased at an average cost of $38.43 per share, with a total value of $115,290.00. Following the transaction, the director now directly owns 27,246 shares of the company’s stock, valued at $1,047,063.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Weyerhaeuser by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 120,519,772 shares of the real estate investment trust’s stock worth $4,567,700,000 after purchasing an additional 1,817,002 shares during the period. BlackRock Inc. raised its position in Weyerhaeuser by 0.5% in the 4th quarter. BlackRock Inc. now owns 57,396,782 shares of the real estate investment trust’s stock worth $2,363,599,000 after purchasing an additional 269,617 shares during the period. State Street Corp raised its position in Weyerhaeuser by 5.2% in the 4th quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock worth $1,295,777,000 after purchasing an additional 1,546,975 shares during the period. JPMorgan Chase & Co. raised its position in Weyerhaeuser by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 19,489,403 shares of the real estate investment trust’s stock worth $802,574,000 after purchasing an additional 1,393,739 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Weyerhaeuser by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 16,321,125 shares of the real estate investment trust’s stock worth $670,801,000 after acquiring an additional 372,177 shares during the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.

Weyerhaeuser Company Profile (Get Rating)

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.

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