Weyerhaeuser Company (WY) Price Target Raised to $39.00 at Argus
Weyerhaeuser Company (NYSE:WY) had its price target raised by Argus from $37.00 to $39.00 in a report issued on Thursday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other research analysts also recently commented on the stock. Royal Bank Of Canada reiterated a buy rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. BidaskClub raised shares of Weyerhaeuser from a hold rating to a buy rating in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a conviction-buy rating to a buy rating and set a $38.00 target price on the stock. in a research note on Monday, July 31st. Bank of America Corporation cut shares of Weyerhaeuser from a buy rating to a neutral rating and lowered their price objective for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. Finally, Zacks Investment Research raised shares of Weyerhaeuser from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of Hold and an average target price of $37.20.
Weyerhaeuser (WY) opened at $35.71 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. The stock has a market cap of $26,954.96, a P/E ratio of 36.44, a P/E/G ratio of 6.03 and a beta of 1.46. Weyerhaeuser has a one year low of $28.60 and a one year high of $36.30.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts forecast that Weyerhaeuser will post 1.19 EPS for the current fiscal year.
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In related news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barnett & Company Inc. acquired a new position in Weyerhaeuser during the 2nd quarter worth about $101,000. Dupont Capital Management Corp bought a new stake in Weyerhaeuser during the 2nd quarter worth about $109,000. Alexandria Capital LLC raised its holdings in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Weyerhaeuser by 137.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 75.16% 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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