Weyerhaeuser (NYSE:WY) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Weyerhaeuser (NYSE:WY) from a hold rating to a buy rating in a report published on Wednesday morning, ValuEngine reports.

A number of other equities analysts have also weighed in on WY. Royal Bank of Canada restated a buy rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. BMO Capital Markets set a $32.00 target price on shares of Weyerhaeuser and gave the stock a buy rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $32.67.

Shares of WY traded up $0.08 during mid-day trading on Wednesday, reaching $27.02. The stock had a trading volume of 2,735,556 shares, compared to its average volume of 4,456,544. The firm has a market cap of $20.13 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 9.52 and a beta of 1.67. Weyerhaeuser has a 12 month low of $20.52 and a 12 month high of $30.96. The business has a fifty day moving average of $26.65 and a 200 day moving average of $25.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Weyerhaeuser’s revenue for the quarter was down 20.4% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 0.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.03%. Weyerhaeuser’s dividend payout ratio is 115.25%.

Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc lifted its position in Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 789 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its position in Weyerhaeuser by 24.7% during the second quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 460 shares during the last quarter. SG3 Management LLC bought a new position in Weyerhaeuser during the first quarter valued at $105,000. Zions Bancorporation N.A. bought a new position in Weyerhaeuser during the first quarter valued at $29,000. Finally, Baker Ellis Asset Management LLC lifted its position in Weyerhaeuser by 25.4% during the second quarter. Baker Ellis Asset Management LLC now owns 65,780 shares of the real estate investment trust’s stock valued at $1,733,000 after purchasing an additional 13,309 shares during the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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