BidaskClub upgraded shares of Weyerhaeuser Company (NYSE:WY) from a hold rating to a buy rating in a research report sent to investors on Wednesday, July 19th.
Several other brokerages also recently commented on WY. Zacks Investment Research upgraded Weyerhaeuser from a hold rating to a buy rating and set a $39.00 target price for the company in a research note on Monday, April 10th. BMO Capital Markets restated a buy rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 12th. Royal Bank Of Canada restated a buy rating and issued a $37.00 target price on shares of Weyerhaeuser in a research note on Tuesday, April 18th. Citigroup Inc. reiterated a buy rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Finally, ValuEngine upgraded Weyerhaeuser from a sell rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $37.00.
Shares of Weyerhaeuser (NYSE WY) traded down 0.1249% during midday trading on Wednesday, reaching $31.9001. The company’s stock had a trading volume of 1,322,641 shares. Weyerhaeuser has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a 50 day moving average price of $33.02 and a 200-day moving average price of $33.37. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 25.0787 and a beta of 1.40.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post $1.04 EPS for the current year.
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Several institutional investors have recently modified their holdings of the stock. Barnett & Company Inc. acquired a new position in shares of Weyerhaeuser during the second quarter worth $101,000. First Personal Financial Services increased 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 during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $109,000. Alexandria Capital LLC increased its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its stake in shares of Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,182 shares in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.
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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