Weyerhaeuser (NYSE:WY) Downgraded to Sell Rating by Wall Street Zen

Weyerhaeuser (NYSE:WY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Truist Financial cut their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. CIBC decreased their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.13.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.38 during mid-day trading on Friday, reaching $25.30. The company had a trading volume of 5,117,127 shares, compared to its average volume of 3,865,098. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $26.19 and its 200-day moving average price is $27.70. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 43.15 and a beta of 1.14.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has approved a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WY. South Plains Financial Inc. bought a new position in shares of Weyerhaeuser in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in Weyerhaeuser in the fourth quarter worth about $27,000. GKV Capital Management Co. Inc. purchased a new stake in Weyerhaeuser in the first quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $31,000. Finally, Costello Asset Management INC purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Company Profile

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.

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