Weyerhaeuser (NYSE:WY) Cut to “Sell” at StockNews.com

Weyerhaeuser (NYSE:WY) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other brokerages have also weighed in on WY. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

Weyerhaeuser Trading Down 0.3 %

Shares of NYSE:WY opened at $30.75 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The business has a 50 day moving average of $29.73 and a two-hundred day moving average of $30.89. The company has a market capitalization of $22.34 billion, a PE ratio of 41.55 and a beta of 1.42.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $57,000. Empowered Funds LLC grew its stake in Weyerhaeuser by 3.4% during the 4th quarter. Empowered Funds LLC now owns 44,551 shares of the real estate investment trust’s stock worth $1,254,000 after purchasing an additional 1,445 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Weyerhaeuser by 8.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,354 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 593 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Weyerhaeuser by 13.3% during the 4th quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 1,799 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Weyerhaeuser by 9.1% in the 4th quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 637 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

About Weyerhaeuser

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.