Weyerhaeuser (WY) Stock Rating Upgraded by DA Davidson

DA Davidson upgraded shares of Weyerhaeuser (NYSE:WY) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. They currently have $35.00 target price on the real estate investment trust’s stock, down from their prior target price of $37.50.

WY has been the topic of a number of other reports. Zacks Investment Research cut shares of Weyerhaeuser from a buy rating to a hold rating in a research note on Thursday, August 2nd. ValuEngine cut shares of Weyerhaeuser from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Citigroup dropped their price target on shares of Weyerhaeuser from $42.00 to $35.00 and set a buy rating on the stock in a research note on Thursday, October 25th. Finally, Vertical Research upgraded shares of Weyerhaeuser from a hold rating to a buy rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $36.40.

WY opened at $26.43 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 3.41 and a beta of 1.38. Weyerhaeuser has a twelve month low of $26.00 and a twelve month high of $38.39.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Weyerhaeuser will post 1.56 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in WY. Dimensional Fund Advisors LP lifted its stake in Weyerhaeuser by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 334,728 shares of the real estate investment trust’s stock worth $11,716,000 after purchasing an additional 5,417 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Weyerhaeuser by 8.8% in the 1st quarter. Principal Financial Group Inc. now owns 4,958,363 shares of the real estate investment trust’s stock worth $173,543,000 after purchasing an additional 401,218 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth approximately $147,000. DnB Asset Management AS lifted its stake in Weyerhaeuser by 12.2% in the 2nd quarter. DnB Asset Management AS now owns 93,799 shares of the real estate investment trust’s stock worth $3,420,000 after purchasing an additional 10,200 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Weyerhaeuser in the 2nd quarter worth approximately $2,976,000. Institutional investors own 76.31% of the company’s stock.

Weyerhaeuser Company Profile

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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