Weyerhaeuser (NYSE:WY) Receives $39.29 Average Target Price from Brokerages

Shares of Weyerhaeuser (NYSE:WY) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.29.

A number of brokerages recently weighed in on WY. The Goldman Sachs Group started coverage on shares of Weyerhaeuser in a report on Thursday, July 15th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research report on Monday, October 4th. Raymond James lowered their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Friday, August 27th. Finally, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 27th.

Shares of WY stock opened at $37.40 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.42 and a current ratio of 2.85. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 12.26 and a beta of 1.84. Weyerhaeuser has a 52-week low of $26.57 and a 52-week high of $41.68. The company has a 50-day simple moving average of $35.58 and a two-hundred day simple moving average of $36.08.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). Weyerhaeuser had a net margin of 23.25% and a return on equity of 26.56%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue was up 92.8% compared to the same quarter last year. On average, sell-side analysts forecast that Weyerhaeuser will post 3.37 EPS for the current fiscal year.

The business also recently announced a None dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, October 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, October 4th. Weyerhaeuser’s payout ratio is presently 52.71%.

A number of large investors have recently made changes to their positions in the business. Cohen & Steers Inc. raised its position in shares of Weyerhaeuser by 13.6% during the 1st quarter. Cohen & Steers Inc. now owns 35,371,339 shares of the real estate investment trust’s stock valued at $1,259,204,000 after buying an additional 4,221,921 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Weyerhaeuser by 84.5% during the first quarter. Ameriprise Financial Inc. now owns 9,013,641 shares of the real estate investment trust’s stock worth $320,900,000 after purchasing an additional 4,127,300 shares during the last quarter. BlackRock Inc. lifted its stake in Weyerhaeuser by 6.2% during the second quarter. BlackRock Inc. now owns 55,782,448 shares of the real estate investment trust’s stock worth $1,920,035,000 after purchasing an additional 3,235,581 shares during the last quarter. Zimmer Partners LP bought a new position in shares of Weyerhaeuser during the 1st quarter valued at about $94,340,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser by 43.8% during the 2nd quarter. Principal Financial Group Inc. now owns 6,116,393 shares of the real estate investment trust’s stock valued at $210,527,000 after buying an additional 1,862,172 shares in the last quarter. 81.21% of the stock is owned by hedge funds and other institutional investors.

About Weyerhaeuser

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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