JPMorgan Chase & Co. Cuts Weyerhaeuser (NYSE:WY) Price Target to $27.00

Weyerhaeuser (NYSE:WY) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $28.00 to $27.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 21.84% from the stock’s previous close.

WY has been the subject of several other reports. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday. CIBC decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Weiss Ratings lowered Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. DA Davidson reduced their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Weyerhaeuser Price Performance

Shares of NYSE:WY traded down $0.28 during trading on Friday, hitting $22.16. 2,387,070 shares of the company were exchanged, compared to its average volume of 4,315,317. Weyerhaeuser has a 1-year low of $22.11 and a 1-year high of $32.70. The company has a market capitalization of $15.98 billion, a P/E ratio of 58.38, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $24.07 and its 200-day moving average is $25.34.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.05 EPS. Weyerhaeuser’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently modified their holdings of WY. Vanguard Group Inc. grew its holdings in Weyerhaeuser by 0.5% in the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after purchasing an additional 542,912 shares during the period. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after buying an additional 2,343,724 shares during the period. State Street Corp grew its stake in shares of Weyerhaeuser by 0.9% in the 2nd quarter. State Street Corp now owns 31,865,696 shares of the real estate investment trust’s stock valued at $818,630,000 after buying an additional 271,832 shares during the period. Norges Bank bought a new stake in Weyerhaeuser in the 2nd quarter valued at about $600,502,000. Finally, Geode Capital Management LLC raised its stake in Weyerhaeuser by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock worth $509,460,000 after buying an additional 340,948 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.