DA Davidson Raises Weyerhaeuser to Buy (WY)

By admin | 6 years ago

Weyerhaeuser (NYSE: WY) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Thursday.

Shares of Weyerhaeuser traded up 0.16% during mid-day trading on Thursday, hitting $18.72. Weyerhaeuser has a one year low of $14.82 and a one year high of $22.62. The company has a market cap of $10.060 billion and a P/E ratio of 36.79.

Weyerhaeuser last issued its quarterly earnings data on Friday, April 27th. The company reported $0.02 earnings per share (EPS) for the quarter. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $0.14 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note to investors on Monday, May 7th. They now have a $21.00 price target on the stock. Separately, analysts at Buckingham Research upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 4th. Finally, 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.

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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