JPMorgan Chase & Co. Issues Pessimistic Forecast for Weyerhaeuser (NYSE:WY) Stock Price

Weyerhaeuser (NYSE:WY) had its price target lowered by research analysts at JPMorgan Chase & Co. from $32.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 28.57% from the company’s current price.

Several other research analysts have also issued reports on the company. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Trading Up 1.0%

NYSE:WY traded up $0.23 during trading hours on Thursday, hitting $23.33. The company had a trading volume of 2,074,633 shares, compared to its average volume of 6,173,819. The company has a market capitalization of $16.82 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. The stock has a 50-day moving average price of $24.16 and a 200 day moving average price of $24.19. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Richard Beckwitt purchased 20,000 shares of Weyerhaeuser stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the acquisition, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is owned by company insiders.

Institutional Trading of Weyerhaeuser

A number of large investors have recently made changes to their positions in the stock. Bank of Nova Scotia grew its stake in shares of Weyerhaeuser by 15.2% in the first quarter. Bank of Nova Scotia now owns 269,147 shares of the real estate investment trust’s stock worth $6,575,000 after acquiring an additional 35,487 shares during the period. Cetera Investment Advisers lifted its holdings in Weyerhaeuser by 60.6% in the first quarter. Cetera Investment Advisers now owns 181,913 shares of the real estate investment trust’s stock valued at $4,444,000 after acquiring an additional 68,668 shares during the period. Prestige Wealth Management Group LLC grew its position in shares of Weyerhaeuser by 21,282.9% during the 1st quarter. Prestige Wealth Management Group LLC now owns 7,484 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 7,449 shares during the period. Kopernik Global Investors LLC bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $46,529,000. Finally, Alesco Advisors LLC An ESL Co bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $791,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.