Citigroup Has Lowered Expectations for Weyerhaeuser (NYSE:WY) Stock Price

Weyerhaeuser (NYSE:WY) had its target price dropped by equities research analysts at Citigroup from $38.00 to $35.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s price objective would indicate a potential upside of 16.52% from the stock’s previous close.

A number of other brokerages also recently commented on WY. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Stock Performance

NYSE WY opened at $30.04 on Wednesday. The company has a fifty day moving average price of $29.88 and a 200-day moving average price of $30.72. The firm has a market cap of $21.83 billion, a price-to-earnings 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 has a 1 year low of $26.73 and a 1 year high of $36.27.

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

Institutional Trading of Weyerhaeuser

Institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in Weyerhaeuser by 9.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 448 shares during the period. Strong Tower Advisory Services raised its stake in shares of Weyerhaeuser by 10.6% during the 4th quarter. Strong Tower Advisory Services now owns 60,185 shares of the real estate investment trust’s stock valued at $1,694,000 after purchasing an additional 5,746 shares during the period. Clarius Group LLC raised its stake in shares of Weyerhaeuser by 7.6% during the 4th quarter. Clarius Group LLC now owns 7,636 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 540 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Weyerhaeuser by 7.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,263 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 521 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 357 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.