Raymond James restated their hold rating on shares of Weyerhaeuser (NYSE:WY) in a report published on Monday morning, AnalystRatings.com reports.

Several other equities analysts have also commented on WY. Bank of America upped their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company a neutral rating in a research note on Friday, September 11th. BMO Capital Markets upped their target price on Weyerhaeuser from $23.00 to $32.00 and gave the company an outperform rating in a research note on Monday, August 3rd. Scotiabank upped their target price on Weyerhaeuser from $26.50 to $28.00 and gave the company a sector perform rating in a research note on Thursday, July 9th. Citigroup upped their target price on Weyerhaeuser from $26.00 to $32.00 and gave the company a buy rating in a research note on Tuesday, August 4th. Finally, Zacks Investment Research lowered Weyerhaeuser from a buy rating to a hold rating and set a $24.00 target price for the company. in a research note on Saturday, June 20th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $29.56.

NYSE WY opened at $28.93 on Monday. Weyerhaeuser has a fifty-two week low of $13.10 and a fifty-two week high of $31.58. The stock has a market cap of $21.59 billion, a price-to-earnings ratio of 70.56 and a beta of 1.96. The business has a fifty day moving average of $28.89 and a 200-day moving average of $23.09. The company has a quick ratio of 1.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.77.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser will post 0.85 EPS for the current year.

In other news, SVP James A. Kilberg sold 35,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $30.50, for a total value of $1,067,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 8.4% in the second quarter. Vanguard Group Inc. now owns 119,442,545 shares of the real estate investment trust’s stock worth $2,682,679,000 after acquiring an additional 9,300,683 shares in the last quarter. FDx Advisors Inc. acquired a new position in shares of Weyerhaeuser in the first quarter worth about $56,873,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Weyerhaeuser by 88.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,607,295 shares of the real estate investment trust’s stock worth $148,400,000 after acquiring an additional 3,103,179 shares in the last quarter. M&G Investment Management Ltd. lifted its stake in shares of Weyerhaeuser by 1,392.5% in the second quarter. M&G Investment Management Ltd. now owns 2,802,972 shares of the real estate investment trust’s stock worth $61,665,000 after acquiring an additional 2,615,166 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Weyerhaeuser by 109.0% in the second quarter. Nordea Investment Management AB now owns 4,767,686 shares of the real estate investment trust’s stock worth $105,938,000 after acquiring an additional 2,486,021 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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