Weyerhaeuser (WY) Getting Somewhat Positive Press Coverage, Report Finds
Media coverage about Weyerhaeuser (NYSE:WY) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weyerhaeuser earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.4911274807419 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Weyerhaeuser Company (NYSE:WY) Sees Light Trading Volume with 1848K Shares Changing Hands – Modern Readers (modernreaders.com)
- Weyerhaeuser Company (WY) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Stop Chasing High Dividends: Weyerhaeuser Co. (WY) generates Yield of 3.77% – Voice Of Analysts (analystsbuzz.com)
- Legal & General Group Plc Decreases Its Holdings in Weyerhaeuser Company (WY) Stock Last Quarter – Highlight Press (highlightpress.com)
- WY Makes Notable Cross Below Critical Moving Average (nasdaq.com)
A number of research analysts have weighed in on WY shares. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $37.13.
Weyerhaeuser (NYSE WY) opened at 32.43 on Thursday. Weyerhaeuser has a 12-month low of $28.58 and a 12-month high of $35.50. The firm has a market cap of $24.42 billion, a P/E ratio of 25.50 and a beta of 1.40. The firm has a 50-day moving average of $33.33 and a 200-day moving average of $33.27.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. Weyerhaeuser’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, analysts expect that Weyerhaeuser will post $1.04 EPS for the current year.
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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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