Truist Financial Lowers Weyerhaeuser (NYSE:WY) Price Target to $30.00

Weyerhaeuser (NYSE:WY - Get Free Report) had its target price dropped by research analysts at Truist Financial from $33.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential upside of 20.82% from the stock's previous close.

A number of other equities research analysts also recently commented on the stock. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, CIBC decreased their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.67 during midday trading on Tuesday, hitting $24.83. The company had a trading volume of 4,584,315 shares, compared to its average volume of 3,710,458. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 45.15, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $29.68. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. South Plains Financial Inc. acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser in the first quarter worth about $31,000. Assetmark Inc. lifted its holdings in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of Weyerhaeuser during the 4th quarter valued at about $36,000. Institutional investors own 82.99% of the company's stock.

About Weyerhaeuser

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.