Weyerhaeuser (WY) PT Lowered to $33.00

Weyerhaeuser (NYSE:WY) had its target price reduced by BMO Capital Markets from $36.00 to $33.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 24.62% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their price target for the company from $37.50 to $35.00 in a research report on Monday. Vertical Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Raymond James decreased their price target on shares of Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $35.83.

NYSE:WY traded up $0.05 on Tuesday, hitting $26.48. The company had a trading volume of 139,053 shares, compared to its average volume of 5,203,845. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.41 and a beta of 1.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. Weyerhaeuser has a 52 week low of $26.00 and a 52 week high of $38.39.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. Weyerhaeuser’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. As a group, analysts expect that Weyerhaeuser will post 1.56 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Weyerhaeuser by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 334,728 shares of the real estate investment trust’s stock worth $11,716,000 after buying an additional 5,417 shares during the period. Principal Financial Group Inc. increased its position in shares of Weyerhaeuser by 8.8% during the first quarter. Principal Financial Group Inc. now owns 4,958,363 shares of the real estate investment trust’s stock worth $173,543,000 after buying an additional 401,218 shares during the period. DnB Asset Management AS increased its position in shares of Weyerhaeuser by 12.2% during the second quarter. DnB Asset Management AS now owns 93,799 shares of the real estate investment trust’s stock worth $3,420,000 after buying an additional 10,200 shares during the period. Clinton Group Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth $2,976,000. Finally, IFM Investors Pty Ltd increased its position in shares of Weyerhaeuser by 42.3% during the second quarter. IFM Investors Pty Ltd now owns 33,774 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 10,039 shares during the period. Hedge funds and other institutional investors own 76.31% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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