Brokerages Set Weyerhaeuser (NYSE:WY) PT at $35.14

Shares of Weyerhaeuser (NYSE:WY) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $35.00.

Several research firms have recently weighed in on WY. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th.

Institutional Trading of Weyerhaeuser

Several hedge funds and other institutional investors have recently made changes to their positions in WY. Wellington Management Group LLP raised its position in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. State Street Corp grew its stake in shares of Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the period. Geode Capital Management LLC increased its holdings in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after purchasing an additional 217,510 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock valued at $252,958,000 after purchasing an additional 245,962 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Weyerhaeuser by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock worth $247,793,000 after buying an additional 249,257 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.3 %

WY stock opened at $30.04 on Monday. The stock has a market cap of $21.83 billion, a P/E ratio of 54.62, a PEG ratio of 4.69 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company’s 50 day moving average is $29.54 and its two-hundred day moving average is $30.92.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts expect that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

About Weyerhaeuser

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.