Citigroup Forecasts Strong Price Appreciation for Weyerhaeuser (NYSE:WY) Stock

Weyerhaeuser (NYSE:WY) had its price objective hoisted by research analysts at Citigroup from $21.00 to $23.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Citigroup‘s price objective points to a potential upside of 7.48% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperformer” rating on the stock in a report on Tuesday, October 27th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Seaport Research Partners set a $30.00 price objective on Weyerhaeuser in a report on Thursday, October 8th. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $26.20.

Weyerhaeuser Stock Performance

WY traded up $1.05 during midday trading on Monday, reaching $21.40. The company’s stock had a trading volume of 4,796,228 shares, compared to its average volume of 6,285,932. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $23.69. The stock has a market cap of $15.42 billion, a P/E ratio of 34.48, a PEG ratio of 2.50 and a beta of 0.92. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Weyerhaeuser had a return on equity of 1.72% and a net margin of 6.47%. Weyerhaeuser’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. Research analysts expect that Weyerhaeuser will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds have recently bought and sold shares of the company. Unison Advisors LLC raised its position in Weyerhaeuser by 0.8% in the first quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock worth $1,751,000 after acquiring an additional 578 shares during the period. Versant Capital Management Inc raised its holdings 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 worth $34,000 after purchasing an additional 617 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Weyerhaeuser by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 18,104 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 646 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in Weyerhaeuser by 0.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 89,772 shares of the real estate investment trust’s stock worth $2,193,000 after buying an additional 693 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of Weyerhaeuser by 1.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 60,480 shares of the real estate investment trust’s stock valued at $1,478,000 after buying an additional 695 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.