Weyerhaeuser (NYSE:WY – Get Free Report) had its price objective decreased by Canadian Imperial Bank of Commerce from $25.00 to $24.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperformer” rating on the real estate investment trust’s stock. Canadian Imperial Bank of Commerce‘s price target would suggest a potential upside of 12.86% from the stock’s current price.
WY has been the subject of a number of other reports. Royal Bank Of Canada decreased their target price on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Seaport Research Partners set a $30.00 price target on Weyerhaeuser in a report on Thursday, October 8th. Citigroup increased their price target on Weyerhaeuser from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.10.
View Our Latest Analysis on WY
Weyerhaeuser Stock Up 4.5%
WY traded up $0.92 during trading hours on Monday, hitting $21.27. 5,853,153 shares of the company’s stock were exchanged, compared to its average volume of 6,290,746. The firm has a market cap of $15.33 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. Weyerhaeuser has a 12-month low of $18.25 and a 12-month high of $27.75. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $20.87 and a 200 day moving average of $23.69.
Weyerhaeuser (NYSE:WY – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. Analysts predict that Weyerhaeuser will post 0.27 EPS for the current fiscal year.
Hedge Funds Weigh In On Weyerhaeuser
A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Weyerhaeuser during the second quarter worth about $468,969,000. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 14.3% in the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock valued at $1,043,164,000 after purchasing an additional 5,437,685 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Weyerhaeuser by 10.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock valued at $1,225,232,000 after purchasing an additional 4,885,818 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $101,969,000. Finally, Kopernik Global Investors LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at about $46,529,000. Institutional investors and hedge funds own 82.99% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.
Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.
Further Reading
- Five stocks we like better than Weyerhaeuser
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.
