Weyerhaeuser (NYSE:WY) Price Target Cut to $25.00 by Analysts at Royal Bank Of Canada

Weyerhaeuser (NYSE:WY) had its target price decreased by stock analysts at Royal Bank Of Canada from $30.00 to $25.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 27.07% from the stock’s current price.

WY has been the subject of a number of other reports. DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a report on Tuesday, June 30th. Seaport Research Partners set a $30.00 price target on shares of Weyerhaeuser in a report on Thursday, October 8th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $25.00 in a report on Wednesday. Finally, Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.67.

Weyerhaeuser Price Performance

NYSE WY traded up $0.29 during trading on Friday, reaching $19.67. 1,408,157 shares of the company traded hands, compared to its average volume of 6,160,659. Weyerhaeuser has a 1-year low of $18.25 and a 1-year high of $27.75. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 2.20 and a beta of 0.92. The stock’s 50 day moving average price is $21.97 and its two-hundred day moving average price is $23.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the firm posted $0.12 EPS. Weyerhaeuser’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser will post 0.27 EPS for the current year.

Institutional Trading of Weyerhaeuser

Hedge funds and other institutional investors have recently modified their holdings of the stock. CHICAGO TRUST Co NA increased its holdings in shares of Weyerhaeuser by 6.8% during the first quarter. CHICAGO TRUST Co NA now owns 9,069 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 575 shares during the period. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.8% in the first quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock valued at $1,751,000 after buying an additional 578 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 617 shares in the last quarter. First Pacific Financial raised its position in shares of Weyerhaeuser by 3.4% in the first quarter. First Pacific Financial now owns 19,225 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 633 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Weyerhaeuser by 3.7% in the first quarter. Arkadios Wealth Advisors now owns 18,104 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 646 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.