Weyerhaeuser’s (WY) “Buy” Rating Reiterated at Royal Bank Of Canada
Weyerhaeuser Company (NYSE:WY)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Monday. They presently have a $40.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 24.73% from the company’s previous close.
Several other analysts have also issued reports on the company. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a research report on Monday, July 31st. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.00.
Shares of Weyerhaeuser (WY) traded down 1.66% on Monday, reaching $32.07. The company’s stock had a trading volume of 2,568,075 shares. Weyerhaeuser has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a 50-day moving average of $32.58 and a 200 day moving average of $33.31. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 25.21 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts forecast that Weyerhaeuser will post $1.04 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. lifted its position in shares of Weyerhaeuser by 41.2% in the first quarter. Oppenheimer & Co. Inc. now owns 381,064 shares of the real estate investment trust’s stock worth $12,948,000 after buying an additional 111,275 shares in the last quarter. Eagle Ridge Investment Management lifted its position in shares of Weyerhaeuser by 7.6% in the first quarter. Eagle Ridge Investment Management now owns 168,756 shares of the real estate investment trust’s stock worth $5,734,000 after buying an additional 11,865 shares in the last quarter. Brandywine Trust Co. purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $217,000. AMG Funds LLC lifted its position in shares of Weyerhaeuser by 0.7% in the first quarter. AMG Funds LLC now owns 47,418 shares of the real estate investment trust’s stock worth $1,611,000 after buying an additional 323 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $2,274,000. Institutional investors own 75.27% of the company’s stock.
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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