Weyerhaeuser Co (WY) is Upgraded by DA Davidson to Buy

Weyerhaeuser Co (WY) was Upgraded by DA Davidson to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Shares were Downgraded by DA Davidson on May 9, 2016 to ” Neutral” and Lowered the Price Target to $ 33 from a previous price target of $34 .

On the company’s financial health, Weyerhaeuser Co reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.20. The company had revenue of $1741.00 million for the quarter, compared to analysts expectations of $1972.56 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Weyerhaeuser Co closed down -0.96 points or -3.46% at $26.77 with 99,34,470 shares getting traded on Monday. Post opening the session at $27.48, the shares hit an intraday low of $26.55 and an intraday high of $27.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 22, 2016, Rhonda D Hunter (Sr. Vice President) sold 6,500 shares at $29.12 per share price. According to the SEC, on Jun 13, 2016, David P Bozeman (director) sold 1,929 shares at $30.30 per share price. On Jun 8, 2016, Mark A Emmert (director) sold 9,536 shares at $31.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s 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.

Weyerhaeuser Co

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