Somewhat Positive News Coverage Somewhat Unlikely to Impact Weyerhaeuser (WY) Share Price
Headlines about Weyerhaeuser (NYSE:WY) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weyerhaeuser earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.4911274807419 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected 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)
Several research firms have weighed in on WY. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.13.
Shares of Weyerhaeuser (WY) opened at 32.43 on Thursday. Weyerhaeuser has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a market capitalization of $24.42 billion, a P/E ratio of 25.50 and a beta of 1.40. The company has a 50-day moving average price of $33.33 and a 200 day moving average price of $33.27.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the 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 period in the prior year, the company earned $0.17 earnings per share. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Weyerhaeuser will post $1.04 EPS for the current year.
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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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