Buckingham Research Raises Weyerhaeuser to Buy (WY)

By admin | 6 years ago

Weyerhaeuser (NYSE: WY) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at Scotia Capital downgraded shares of Weyerhaeuser from a “sector perform” rating to an “underperform” rating in a research note to investors on Monday, March 26th. Separately, analysts at BMO Capital Markets upgraded shares of Weyerhaeuser from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, March 5th. They now have a $23.00 price target on the stock, down previously from $33.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note to investors on Thursday, February 9th. They now have a $22.00 price target on the stock.

Weyerhaeuser traded up 1.20% on Friday, hitting $20.22. Weyerhaeuser has a 52-week low of $14.82 and a 52-week high of $23.13. The company has a market cap of $10.866 billion and a price-to-earnings ratio of 39.33.

Weyerhaeuser last posted its quarterly earnings results on Friday, April 27th. The company reported $0.02 EPS for the quarter. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Weyerhaeuser will post $0.14 EPS next quarter.

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The Company is principally engaged in growing and harvesting trees, builds homes and making a range of forest products.

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