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

Shares of Weyerhaeuser Company (NYSE:WY) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $31.00.

Several brokerages recently commented on WY. Truist Financial dropped their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. DA Davidson cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. CIBC dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Finally, Royal Bank Of Canada cut their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd.

Institutional Trading of Weyerhaeuser

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Weyerhaeuser by 0.5% during the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after buying an additional 542,912 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock worth $1,047,234,000 after acquiring an additional 193,854 shares during the period. State Street Corp boosted its position in shares of Weyerhaeuser by 0.9% in the second quarter. State Street Corp now owns 31,865,696 shares of the real estate investment trust’s stock worth $818,630,000 after acquiring an additional 271,832 shares during the last quarter. Norges Bank purchased a new stake in Weyerhaeuser in the second quarter valued at approximately $600,502,000. Finally, Geode Capital Management LLC grew its holdings in Weyerhaeuser by 1.7% in the second quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock valued at $509,460,000 after purchasing an additional 340,948 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.10 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The firm has a market cap of $16.65 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. Weyerhaeuser has a 12-month low of $22.28 and a 12-month high of $32.70. The company’s 50 day simple moving average is $24.29 and its 200-day simple moving average is $25.41.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.05 EPS. Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

About Weyerhaeuser

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.