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

Weyerhaeuser (NYSE:WY) had its price objective dropped by stock analysts at Citigroup from $38.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 18.76% from the stock’s previous close.

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

Weyerhaeuser Stock Up 1.8 %

NYSE:WY traded up $0.51 during trading hours on Wednesday, reaching $29.47. The company’s stock had a trading volume of 2,241,626 shares, compared to its average volume of 3,364,644. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business’s 50-day moving average is $29.92 and its 200-day moving average is $30.73. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 39.82 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 posted its 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 firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. Equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors have recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% during the third 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 last quarter. Bangor Savings Bank increased its stake 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 in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings 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.

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.