Weyerhaeuser Company (WY) : 8 analysts are covering Weyerhaeuser Company (WY) and their average rating on the stock is 1.88, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Weyerhaeuser Company (WY) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Weyerhaeuser Company (WY) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $33. The average forecast of all the analysts is $34.38 and the expected standard deviation is $1.3.
For the current week, the company shares have a recommendation consensus of Buy. Also, DA Davidson upgrades its rating on Weyerhaeuser Company (NYSE:WY). Analysts at the DA Davidson have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 29, 2016.
Weyerhaeuser Company (NYSE:WY): The stock opened at $32.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.56 for the day. The stock traded down to $31.88 during the day, due to lack of any buying support eventually closed down at $32.37 with a loss of -0.22% for the day. The stock had closed at $32.44 on the previous day. The total traded volume was 3,177,426 shares.
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.