Weyerhaeuser (NYSE:WY) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised Weyerhaeuser’s price target from $21 to $23 and reiterated a “buy” rating, implying 7.48% potential upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $26.20.
• Weyerhaeuser shares rose 5.2% to $21.40, while the company reported quarterly EPS of $0.08, beating estimates of $0.04. Revenue increased 8.4% year over year to $1.86 billion, though it fell short of analysts’ $1.92 billion expectation.
• Institutional investors own approximately 82.99% of Weyerhaeuser’s shares, with several funds recently increasing their positions or initiating new stakes.

Weyerhaeuser (NYSE:WY - Get Free Report) had its price objective increased by research analysts at Citigroup from $21.00 to $23.00 in a report released on Monday, Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Citigroup's price target would suggest a potential upside of 7.48% from the company's previous close.

WY has been the subject of a number of other research reports. Weiss Ratings cut Weyerhaeuser from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Bank of America raised shares of Weyerhaeuser from a "neutral" rating to a "buy" rating and cut their price target for the stock from $28.00 to $25.00 in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Weyerhaeuser from $30.00 to $25.00 and set an "outperformer" rating for the company in a research note on Tuesday, October 27th. Truist Financial decreased their price objective on shares of Weyerhaeuser from $28.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, October 12th. Finally, Raymond James Financial raised shares of Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price objective for the company in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.20.

Weyerhaeuser Stock Up 5.2%

WY traded up $1.05 on Monday, hitting $21.40. 4,796,228 shares of the company were exchanged, compared to its average volume of 6,285,932. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $20.87 and a two-hundred day moving average price of $23.69.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.92 billion. During the same quarter last year, the company earned $0.12 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Weyerhaeuser will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Essential Partners LLC increased its position in shares of 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 during the period. Nvwm LLC increased its stake in Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 800 shares during the period. Versant Capital Management Inc raised its holdings in shares of Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 617 shares in the last quarter. Compass Financial Management LLC acquired a new position in Weyerhaeuser in the second quarter worth approximately $35,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $52,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser's principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.

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