Royal Bank Of Canada Has Lowered Expectations for Weyerhaeuser (NYSE:WY) Stock Price

Key Points

• Royal Bank of Canada lowered Weyerhaeuser’s price target from $30 to $25 while maintaining an “outperform” rating, implying approximately 27% upside from the reported $19.67 share price.
• Analyst sentiment remains favorable overall: Weyerhaeuser has a “Moderate Buy” consensus rating and an average price target of $26.67, despite several recent target reductions.
• Weyerhaeuser exceeded quarterly earnings expectations, reporting $0.13 in EPS versus an estimated $0.08, while revenue reached $1.87 billion; institutional investors own nearly 83% of the company’s stock.

Weyerhaeuser (NYSE:WY - Get Free Report) had its price objective dropped by Royal Bank Of Canada from $30.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target would indicate a potential upside of 27.07% from the stock's current price.

Several other analysts have also issued reports on WY. Weiss Ratings lowered Weyerhaeuser from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 2nd. Raymond James Financial raised Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, September 3rd. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $28.00 to $24.00 and set a "hold" rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.67.

Weyerhaeuser Stock Up 1.5%

Weyerhaeuser stock traded up $0.29 during mid-day trading on Friday, hitting $19.67. The company's stock had a trading volume of 1,408,157 shares, compared to its average volume of 6,160,659. Weyerhaeuser has a 52-week low of $18.25 and a 52-week high of $27.75. The company has a market cap of $14.18 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The firm's 50 day moving average is $21.97 and its 200 day moving average is $23.44.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts anticipate that Weyerhaeuser will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in WY. Bank of New York Mellon Corp acquired a new stake in shares of Weyerhaeuser in the second quarter valued at about $468,969,000. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 14.3% during the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock valued at $1,043,164,000 after purchasing an additional 5,437,685 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust's stock valued at $1,225,232,000 after purchasing an additional 4,885,818 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Weyerhaeuser in the first quarter worth $101,969,000. Finally, Kopernik Global Investors LLC bought a new position in Weyerhaeuser in the first quarter worth $46,529,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is one of the world's largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.

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