Weyerhaeuser (NYSE:WY) Price Target Cut to $33.00 by Analysts at Truist Financial

Weyerhaeuser (NYSE:WY) had its target price dropped by analysts at Truist Financial from $34.00 to $33.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 16.36% from the company’s current price.

WY has been the subject of several other research reports. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a 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 report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.57.

Weyerhaeuser Stock Up 1.3 %

WY opened at $28.36 on Monday. The company has a market cap of $20.61 billion, a P/E ratio of 38.32 and a beta of 1.42. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The business’s 50-day moving average price is $30.39 and its 200-day moving average price is $30.75. 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 (NYSE:WY) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently modified their holdings of the company. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser in the second quarter worth approximately $27,000. Bangor Savings Bank grew its position in Weyerhaeuser by 140.3% during 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 period. Finally, Meeder Asset Management Inc. increased its holdings in Weyerhaeuser by 172.4% during 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 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.