Weyerhaeuser Co (WY) was Downgraded by DA Davidson to ” Neutral” and the brokerage firm has set the Price Target at $33. Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Aug 8, 2016.
Many Wall Street Analysts have commented on Weyerhaeuser Co. Weyerhaeuser Co was Upgraded by DA Davidson to ” Buy” on Jun 29, 2016.
On the company’s financial health, Weyerhaeuser Co reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.22. The company had revenue of $1655.00 million for the quarter, compared to analysts expectations of $1926.61 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Weyerhaeuser Co opened for trading at $32.5 and hit $33.17 on the upside on Friday, eventually ending the session at $32.88, with a gain of 0.70% or 0.23 points. The heightened volatility saw the trading volume jump to 43,17,423 shares. Company has a market cap of $24,564 M.
In a different news, on Jul 27, 2016, Rhonda D Hunter (Sr. Vice President) sold 3,318 shares at $33.00 per share price. According to the SEC, on Jul 27, 2016, Rick R Holley (director) sold 608,000 shares at $32.58 per share price. On Jun 13, 2016, David P Bozeman (director) sold 1,929 shares at $30.30 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.