Weyerhaeuser Company (NYSE:WY) Receives Average Recommendation of “Buy” from Analysts

Weyerhaeuser Company (NYSE:WY) has received an average rating of “Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $36.50.

Several research analysts have recently issued reports on WY shares. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, July 7th. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Finally, BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th.

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Shares of Weyerhaeuser (NYSE:WY) traded down 0.79% during midday trading on Tuesday, hitting $32.46. The stock had a trading volume of 1,870,234 shares. The firm’s 50-day moving average price is $33.33 and its 200-day moving average price is $33.27. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The firm has a market capitalization of $24.44 billion, a PE ratio of 25.52 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.17 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser will post $1.04 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WY. BlackRock Inc. raised its stake in shares of Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after buying an additional 53,166,351 shares during the period. American Century Companies Inc. raised its stake in shares of Weyerhaeuser by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock worth $504,615,000 after buying an additional 1,858,252 shares during the period. Vanguard Group Inc. raised its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after buying an additional 1,553,556 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Weyerhaeuser by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock worth $1,208,988,000 after buying an additional 1,260,154 shares during the period. Finally, FIL Ltd raised its stake in shares of Weyerhaeuser by 83.8% in the first quarter. FIL Ltd now owns 2,496,868 shares of the real estate investment trust’s stock worth $84,843,000 after buying an additional 1,138,318 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.

About Weyerhaeuser

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.

Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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