Shares of Weyerhaeuser Company (NYSE:WY – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.00.
WY has been the topic of several research analyst reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. raised their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday.
Read Our Latest Stock Analysis on WY
Institutional Investors Weigh In On Weyerhaeuser
Weyerhaeuser Trading Up 0.0%
Weyerhaeuser stock opened at $24.46 on Monday. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.75. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The business has a 50 day moving average price of $23.99 and a two-hundred day moving average price of $24.62. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.
Weyerhaeuser (NYSE:WY – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts forecast that Weyerhaeuser will post 0.31 EPS for the current year.
Weyerhaeuser Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.
Weyerhaeuser Company Profile
Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.
Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.
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