Weyerhaeuser (NYSE:WY) Rating Lowered to “Sell” at Wall Street Zen

Weyerhaeuser (NYSE:WY) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on WY. JPMorgan Chase & Co. raised their target price on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Citigroup lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a report on Friday, July 17th. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.97 on Friday. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $17.28 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The firm has a 50-day moving average price of $24.05 and a 200 day moving average price of $24.62.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently bought and sold shares of the business. Essential Partners LLC increased its holdings in Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,208 shares in the last quarter. Versant Capital Management Inc boosted its stake in Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 617 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Weyerhaeuser in the fourth quarter worth $39,000. Addison Advisors LLC grew its holdings in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the last quarter. Finally, Bayban bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $41,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.