Short Term Price Target on Weyerhaeuser Company (WY)

Weyerhaeuser Company (NYSE:WY) : 8 Wall Street analysts covering Weyerhaeuser Company (NYSE:WY) believe that the average level the stock could reach for the short term is $34.38. The maximum price target given is $36 and the minimum target for short term is around $33, hence the standard deviation is calculated at $1.3.

Shares of Weyerhaeuser Co. appreciated by 0.85% during the last five trading days but lost 3.99% on a 4-week basis. Weyerhaeuser Co. has dropped 3.47% during the last 3-month period . Year-to-Date the stock performance stands at 1.45%.

Weyerhaeuser Company (NYSE:WY) has an average broker rating of 1.88, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Weyerhaeuser Company (NYSE:WY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.32 and $29.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.77, notching a gain of 1.85% for the day. The total traded volume was 12,056,729 . The stock had closed at $29.23 on the previous day.

In an insider trading activity, The officer (Sr. Vice President), of Weyerhaeuser Co, Hunter Rhonda D had unloaded 6,500 shares at $29.12 per share in a transaction on June 20, 2016. The total value of transaction was $189,280. The Insider information was revealed by 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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