Weyerhaeuser (NYSE:WY) Raised to Outperformer at CIBC

Weyerhaeuser (NYSE:WY) was upgraded by stock analysts at CIBC from a “neutral” rating to an “outperformer” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $35.00 target price on the real estate investment trust’s stock. CIBC’s price objective suggests a potential upside of 16.52% from the stock’s current price.

WY has been the subject of several other reports. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Finally, Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Stock Up 1.6 %

Shares of Weyerhaeuser stock opened at $30.04 on Wednesday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The business has a 50-day moving average of $29.88 and a two-hundred day moving average of $30.72. The company has a market capitalization of $21.83 billion, a P/E ratio of 40.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new position in Weyerhaeuser during the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $27,000. Bangor Savings Bank lifted its position in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.