Weyerhaeuser Company (WY) : 8 analysts are covering Weyerhaeuser Company (WY) and their average rating on the stock is 2.13, which is read as a Buy. 2 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 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Weyerhaeuser Company (WY) : The highest short term price target forecast on Weyerhaeuser Company (WY) is $36 and the lowest target price is $33. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $34.5 with a standard deviation of $1.31.
Also, Brokerage firm Dundee downgrades its rating on Weyerhaeuser Company (NYSE:WY). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 12, 2016.
Weyerhaeuser Company (NYSE:WY): After opening at $29.81, the stock dipped to an intraday low of $29.66 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.3 and the buying power remained strong till the end. The stock closed at $30.14 for the day, a gain of 1.04% for the day session. The total traded volume was 2,491,885. The stocks close on the previous trading day was $29.83.
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.