Price Target Update on Weyerhaeuser Company (NYSE:WY)

Weyerhaeuser Company (NYSE:WY) stock is expected to deviate a maximum of $1.3 from the average target price of $34.38 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $33.

Other Equity analysts have also commented on the company shares. Equity Analysts at the DA Davidson downgrades the rating on Weyerhaeuser Company (NYSE:WY). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $34 per share to $33 per share. The rating by the firm was issued on May 9, 2016.

Weyerhaeuser Company (NYSE:WY): stock turned positive on Thursday. Though the stock opened at $28.92, the bulls momentum made the stock top out at $29.52 level for the day. The stock recorded a low of $28.745 and closed the trading day at $29.52, in the green by 3.14%. The total traded volume for the day was 6,694,537. The stock had closed at $28.62 in the previous days trading.

The company shares have dropped -10.17% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $32.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.54 and the 200 Day Moving Average price is recorded at $29.02. On the companys insider trading activities,The director of Weyerhaeuser Co, Bozeman David P sold 1,929 shares at $30.3 on June 9, 2016. The Insider selling transaction had a total value worth of $58,449. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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