Shares of Weyerhaeuser Company (NYSE:WY) have been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.
A number of research firms recently weighed in on WY. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a report on Monday, July 31st. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th.
Shares of Weyerhaeuser (NYSE:WY) opened at 32.46 on Friday. Weyerhaeuser has a 52 week low of $28.58 and a 52 week high of $35.50. The stock has a market capitalization of $24.44 billion, a P/E ratio of 25.52 and a beta of 1.40. The firm’s 50-day moving average price is $33.33 and its 200 day moving average price is $33.27.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. Analysts expect that Weyerhaeuser will post $1.04 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Pegasus Partners Ltd. raised its position in Weyerhaeuser by 3.7% in the fourth quarter. Pegasus Partners Ltd. now owns 52,670 shares of the real estate investment trust’s stock valued at $1,585,000 after buying an additional 1,894 shares during the period. Pinnacle Bank purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $156,000. DnB Asset Management AS boosted its position in shares of Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 13,300 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Weyerhaeuser by 17,880.5% in the first quarter. OLD Second National Bank of Aurora now owns 80,373 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 79,926 shares during the last quarter. Finally, Peoples Financial Services CORP. boosted its position in shares of Weyerhaeuser by 3.0% in the first quarter. Peoples Financial Services CORP. now owns 58,566 shares of the real estate investment trust’s stock valued at $1,989,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.
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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