BMO Capital Markets lowered shares of Weyerhaeuser Company (NYSE:WY) from an outperform rating to a market perform rating in a report released on Monday, MarketBeat Ratings reports. BMO Capital Markets currently has $36.00 price target on the real estate investment trust’s stock, up from their previous price target of $28.58.
Several other research firms also recently commented on WY. Zacks Investment Research downgraded Weyerhaeuser from a buy rating to a hold rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a buy rating and issued a $40.00 target price on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a conviction-buy rating to a buy rating and set a $38.00 target price on the stock. in a research report on Monday, July 31st. BidaskClub raised Weyerhaeuser from a hold rating to a buy rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation downgraded Weyerhaeuser from a buy rating to a neutral rating and decreased their target price for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $37.00.
Shares of Weyerhaeuser (WY) opened at 31.28 on Monday. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The stock’s 50 day moving average price is $32.93 and its 200 day moving average price is $33.35. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 24.59 and a beta of 1.40.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that Weyerhaeuser will post $1.05 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Barnett & Company Inc. bought a new stake in shares of Weyerhaeuser during the second quarter worth about $101,000. First Personal Financial Services increased its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser during the second quarter worth about $109,000. Alexandria Capital LLC increased its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its stake in shares of Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,182 shares in the last quarter. 76.20% of the stock is currently owned by institutional investors and hedge funds.
Weyerhaeuser Company Profile
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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