Weyerhaeuser Company (WY) : 2 brokerage houses believe that Weyerhaeuser Company (WY) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Weyerhaeuser Company (WY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.13.
Weyerhaeuser Company (WY) : Average target price received by Weyerhaeuser Company (WY) is $34.5 with an expected standard deviation of $1.31. The most aggressive target on the stock is $36, whereas the most downbeat target is $33. 8 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Weyerhaeuser Company (NYSE:WY): The stock opened at $32.87 on Thursday but the bulls could not build on the opening and the stock topped out at $32.91 for the day. The stock traded down to $32.40 during the day, due to lack of any buying support eventually closed down at $32.47 with a loss of -0.76% for the day. The stock had closed at $32.72 on the previous day. The total traded volume was 2,903,220 shares.
In a related news, The Securities and Exchange Commission has divulged that Hunter Rhonda D, officer (Sr. Vice President) of Weyerhaeuser Co, had unloaded 3,318 shares at an average price of $33 in a transaction dated on July 27, 2016. The total value of the transaction was worth $109,494.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Companys operational segments include Timberlands, Wood Products and Cellulose Fibers. The Companys Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products, such as diapers.