Weyerhaeuser Company (NYSE:WY) Stock Has Average Target Price of $28.67 According to Analysts

Key Points

• Analysts rate Weyerhaeuser “Moderate Buy.” Six of 11 analysts recommend buying the stock, one rates it a strong buy, and four recommend holding it; the average 12-month price target is $28.67.
• Weyerhaeuser shares opened at $20.01, near their 12-month low of $19.91 and below the 50-day and 200-day moving averages of $23.52 and $23.88, respectively.
• The company beat quarterly earnings expectations with $0.13 EPS versus $0.08 expected, though revenue fell 8.3% year over year. It also paid a quarterly dividend of $0.21 per share, equivalent to a 4.2% annualized yield.

Shares of Weyerhaeuser Company (NYSE:WY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.67.

A number of analysts have recently commented on WY shares. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Citigroup decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, September 3rd. Finally, Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors have recently modified their holdings of the business. Essential Partners LLC boosted its stake 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 worth $30,000 after purchasing an additional 1,208 shares during the period. Nvwm LLC increased its stake in Weyerhaeuser by 174.7% in the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 800 shares during the period. Versant Capital Management Inc increased 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 valued at $34,000 after purchasing an additional 617 shares during the period. Compass Financial Management LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $35,000. Finally, Bayban purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $41,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.6%

Shares of Weyerhaeuser stock opened at $20.01 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $23.52 and a 200-day simple moving average of $23.88. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.91 and a beta of 0.87. Weyerhaeuser has a 12-month low of $19.91 and a 12-month high of $27.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.12 EPS. Weyerhaeuser's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 0.33 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.2%. Weyerhaeuser's dividend payout ratio (DPR) is 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser's products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.

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